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Wages are falling at a ‘striking’ level — what Indeed wage tracker says about labor market

Wages are falling at a ‘striking’ level — what Indeed wage tracker says about labor market

Wages fell at a “striking” pace in February, according to Indeed’s wage tracker.

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And as inflation continues to climb, wages are far from keeping up. According to a wage tracker at Indeed, wages in the U.S. have fallen sharply over the last year, hovering near pre-pandemic levels when competition was less fierce. According to the tracker, February wages increased only 3.3 percent compared to 2023. This is a notable drop from January 2022 when wages were up 9.3 percent from the previous year. 

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