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Wages outpace inflation in June after lag earlier in the year
MarketWatch notes June wage growth ran ahead of inflation after lagging in April and May, pointing to a near term improvement in real pay.
Wage growth in June outpaced inflation, a reversal after workers saw pay growth fall behind prices in April and May, according to MarketWatch.
The shift suggests some improvement in purchasing power, as rising wages catch up to the cost of living following the earlier period when inflation moved faster than pay.
MarketWatch frames the development as a change in the trend for real pay, while raising the question of how soon the benefit will be felt more broadly.