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Lower-Income Workers Lead Job Growth Surge | Charleston News
Lower-income workers are outpacing higher earners in pay growth for the first time in 20 months, signaling a resilient labor market just ahead of the big government jobs report. Bank of America’s data shows job gains surged in July, especially among lower-income households—growing over 3% annually—while unemployment claims stayed low. ADP’s private sector report adds fuel to the fire, revealing 44,000 new jobs and a 4.4% annual pay bump, hinting at tight labor conditions where employers compete fiercely for talent. With forecasts expecting 83,000 jobs added and unemployment steady at 4.2%…
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