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May 16, 2023 | Macro Insights, No Bull Economics

Skilled Labor Post Banner

The top-paid hourly workers are currently enjoying the fastest wage growth, indicative of the current challenge to recruit & retain a skilled labor force.

Commentary

  • While fast wage growth across the board reflects a general labor shortage, recent data shows particularly strong demand for those employees willing to master a trade.

Wage Growth Tracker by Wage Level Graph

Source: Wage Growth Tracker – Federal Reserve Bank of Atlanta (atlantafed.org)

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