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US Wage Growth Stalls Except in Construction, Mining, Public Admin

Wage growth in the U.S. is largely stagnant, failing to keep pace with inflation for most workers. Exceptions to this trend include the public administration and mining/construction sectors, which have seen more consistent wage increases. The New York Fed attributes some of this sustained demand in construction to the ongoing development of AI data centers. AI

IMPACT AI data center construction is fueling wage growth in the construction sector.

RANK_REASON The article discusses economic trends and company performance, with a minor mention of AI's impact on construction wages, but does not announce a new AI model, research, or policy.

Read on Fortune →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

US Wage Growth Stalls Except in Construction, Mining, Public Admin

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Eleanor Pringle ·

    The only jobs giving out pay raises right now are in construction, mining, and public administration, the New York Fed finds

    Everything you need to know before you reach the office this morning.