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.
By Rebecca Mezistrano, Ross Kohan and Daniel Kuhn, The Street.com
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.
