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===. Wages=== | ===. Wages=== | ||
The labor market is still resilient, and wages are still above average, due to this we can still expect pressure to the upside in CPI in the coming months, especially in the service sector.<ref>https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009</ref> | The labor market is still resilient to rates increases, and wages are still above average, due to this we can still expect pressure to the upside in CPI in the coming months, especially in the service sector.<ref>https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009</ref> | ||
*However, the trend has been slowing recently, recent labor data shows average hourly earnings increased by 4.4% from a year earlier in January of 2023, after an upwardly revised 4.8% rise in the prior month and slightly above market estimates of 4.3%. It was the smallest annual growth in average hourly earnings since August of 2021. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref> | *However, the trend has been slowing recently, recent labor data shows average hourly earnings increased by 4.4% from a year earlier in January of 2023, after an upwardly revised 4.8% rise in the prior month and slightly above market estimates of 4.3%. It was the smallest annual growth in average hourly earnings since August of 2021. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref> | ||