Paychecks grew more slowly this spring, a sign inflation may keep cooling

Updated at 9:28 a.m.

Associated Press

07/31/2024

Employment Costs — A LINESMAN works on power lines under the morning sun, July 12, 2024, in Phoenix. ay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reserve. / ASSOCIATED PRESS FILE PHOTO/MATT YORK

WASHINGTON (AP) – Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reserve. Compensation as measured by the government’s Employment Cost Index rose 0.9% in the second

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