Career Coaching Blog

According to the latest Fed data, wages are up 3.5% in the past 12 months and are expected to increase more in future months. Unemployment remains at near five year lows at 4.8%. But don’t expect to see a major increase in your standard of living. Wage increases have still not kept up with inflation. Real economic gains for employees come from increased purchasing power, which requires wages to grow faster than inflation.

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