US job wage growth continues to rise, with technology and financial sectors leading the way
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Job vacancies in the United States continue to rise, driven by the software and financial industries, with a 3.4% year-on-year increase in August, marking the fourth consecutive month of accelerated growth. Despite a reduction in hiring, wages in high-income industries are increasing at a faster pace, while there is also some growth in medium and low-income industries. Overall data indicates a healthy labor market, with companies raising wages to attract employees. Federal Reserve Chairman Powell stated that wage growth is approaching a sustainable level, still above the 2% inflation target
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