Stagnant Wages and a Labor Market Paradox The upcoming July nonfarm payroll report is expected to show a modest pickup in hiring, but this positive news will be tempered by stagnant wages that have struggled to keep pace with inflation.
The labor market appears to be growing, yet workers are not benefiting from it. Education and health services are driving job growth, accounting for most of the labor market's expansion last year.
This trend is expected, given ongoing demand for healthcare professionals and educators in a rapidly aging population.