U.S. paychecks grow at record-slow pace in 2nd quarter

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.

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