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Elise Gould
elisegould.bsky.social
did:plc:pboltvj6wr6gaituw2s6mrwq
Nominal wage growth held steady at 4.0% over the year. This rate is in line with the pace of productivity improvement over the last year and a stubborn low labor share of corporate sector income. Importantly, it means that real average wages continue to rise as they have the last 18 months.
2024-12-06T14:29:20.657Z