Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling

Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling

The New York Times - Business:

Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.

This post first appeared in The New York Times - Business. Read the original article.