BUFFALO, N.Y. — Overall wage growth slowed from 2.9% in August to 2.5% in September, Glassdoor found, as the overall hiring environment slowed and fewer workers quit.
Glassdoor's analysis said a few more months at that rate would pull wage growth back down to pre-pandemic levels.
It also projected wage growth should continue to slow over the coming months. The latest Paychex | IHS Markit Small Business Employment Watch backs that up. It found hourly earnings growth at small businesses clocked in at 3.56% in October, the fourth straight month hourly earnings growth fell below 4%, according to Paychex.
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