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The June 2024 Real Earnings Report from the Bureau of Labor Statistics showed a slight rise in the Consumer Price Index, signaling ongoing inflationary pressures. While the real earnings for all employees have seen a marginal increase, the growth in wages isn’t fully offsetting the inflation, posing significant challenges in talent acquisition and retention as employees face diminishing purchasing power.
The real average hourly earnings for all employees saw a 0.4% increase, seasonally adjusted. This