Wage growth stalled for US workers in February

The US job market is booming, but the era of rapidly rising wages seems to be over: Hourly earnings rose by only a cent in February.

While the labor market continues to recover from the pandemic-induced recession—at a much faster pace than in previous recoveries—the impact of omicron and receding government support has reduced workers’ ability to bargain for higher wages. That’s stalled a steady climb in pay.

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