Posted 3/18/2024, 2:05:07 PM
Wages Falling Despite Tight Job Market, Now Near Pre-Pandemic Levels
- Fed policy meeting March 19-20, markets expect rates to be held steady
- Wages falling sharply over last year despite tight labor market, now near pre-pandemic levels
- Indeed wage tracker shows February wages up just 3.3% year-over-year, down from 9.3% in January 2022
- Tracker measures percentage changes in wages and salaries advertised in Indeed job postings
- Economists expect labor market to slow in coming months as interest rates impact economy
