WASHINGTON — U.S. wages and benefits grew in the spring at the slowest pace in 33 years, evidence that stronger hiring isn’t lifting paychecks much for most Americans.
The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.
The employment cost index rose just 0.2 percent in the April-June quarter after a 0.7 increase in the first quarter, the Labor Department said Friday. The index tracks wages, salaries and benefits. Wages and salaries alone also rose 0.2 percent.
See Saturday's Arkansas Democrat-Gazette for full details.