U.S. Compensation Costs Up 4.5% Since June 2022


According to the latest federal report, compensation costs for U.S. private industry workers increased 4.5% from June 2022 to June 2023. Wages and salaries were up 4.6% (1.7% when adjusted for inflation). This infographic shows how nominal wage growth has started to outpace inflation again after 25 straight months of declining real wages. 10/16/2023