For years after the 2008 financial crisis, growth in average hourly earnings stayed low, hovering at around 2% year over year.
ADVERTISEMENT
Wage growth bounces back
Average hourly earnings grew 2.8% year-over-year in February, coming in line with expectations
wage growth
ADVERTISEMENT
According to the February jobs report, average hourly earnings grew by 2.8% from the prior year, well above the disappointing 2.5% rate in January and coming in line with economists' expectations.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
How SafeHamsters unlocks the potential of crypto betting| Insider Tips
A look into the diverse tax reforms being implemented across Africa
Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment
China dethrones USA as the most influential global power in Africa: Report
Major African economies expecting inflation ease into next year, except Nigeria
10 African countries with the lowest price changes in household commodities
Dangote refinery outranks Europe's 10 largest refining facilities
Africa may just have the lowest level of cyber threats compared to other regions