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2024 astrology predictions reddit4/14/2024 ![]() "We are seeing wage growth move down at this very steady clip. Also Read | From Reddit to Shein - Top US IPOs to look out for in 2024 The slowing wage growth is seen as a positive sign for real economic growth. The chief economist at ADP, Nela Richardson, reassures that there's little risk of a wage-price spiral in 2024. Job stayers experienced a slower pace with a 5.4 percent pay jump. ![]() Those who changed jobs saw an 8 percent pay increase, a slight decline from the previous month. Annual pay increase in 2023:Īccording to the ADP National Employment Report, annual pay grew by 5.4 percent for the year, with private sector job stayers earning a median annual pay of close to $59,000. Despite this, a resilient labour market saw private-sector employers adding 164,000 jobs in December. However, recent data indicates a cooling labour market due to increased interest rates by the Federal Reserve.Įlevated interest rates have made business investment pricier, leading to a hiring slowdown. Wage growth surged post-pandemic when companies competed for workers. Payscale suggests this trend might continue in the upcoming year. The projected 3.8 percent pay bumps are a tad lower than last year's 4 percent, indicating a minor dip. ![]() Amazon Sale season is here! Splurge and save now! Click here Slight dip in pay bumps:
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