Private-Sector Wage and Salary Increases Slow to 5.2% Year Over Year in 3rd Quarter

Wages and salaries for private-sector workers rose 5.2 percent for the 12-month period ending in September, up from a 4.6 percent increase a year earlier but down from the previous quarter, the federal government reported at the end of October. The value of “real” inflation-adjusted private wages and salaries fell 2.7 percent for the same period.
Source: New feed 2