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The 3 sectors where wage growth is still outpacing inflation
In May, three sectors—information, utilities, and construction—experienced wage growth exceeding inflation, while other sectors like healthcare and education saw job growth but stagnant wages. Inflation rose to 4.2%, outpacing overall private-sector wage growth at 3.4%, with employment declines in the information sector and labor shortages in utilities and construction driving wage increases.
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Adjacent reporting
- Inflation hits 3.8%, outpacing wage growth
- Inflation surpassed 4% for the first time since 2023
- Pay for American workers is lagging inflation — again
- Euro-Zone Wage Growth Slowed Before War Drove Inflation Higher
- Despite growth and pay rises, Greek workers are among the poorest in Europe
- These in-demand jobs pay over $100,000 — and offer raises that keep ahead of inflation