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Wage growth slowed in January as unemployment rose to 4.2%, signaling weaker labor market momentum.
Wage growth slowed in January, while the unemployment rate held steady at 4.2%, its highest level in nearly five years, according to the latest government report.
The data suggests weakening labor market momentum despite continued job creation.
Economists note the trend may reflect broader economic caution, with employers exercising restraint on pay increases amid uncertain demand.
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El crecimiento de los salarios se desaceleró en enero, ya que el desempleo aumentó al 4,2%, lo que indica un menor impulso en el mercado laboral.