Anything For You All: Wage growth remains at its highest rate since the Great Recession

Wage growth remains at its highest rate since the Great Recession

Wage growth since the Great Recession has remained fairly low, hovering around just 2%.

This is most likely not high enough to support the Fed's stated inflation target of 2% year-over-year.

Over the past few months, wages have grown at a somewhat faster rate than this, reaching a post-crisis high of 2.6% in June.

According to the July jobs report, released Friday, wages grew by 2.6% over the prior year, equal to last month's reading and in line with expectations.

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