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Prime Age Participation Remains Firm, But Total Rates Still Shy of Pre-Pandemic

US DATA
  • Despite solid strength in job gains, average hourly earnings are somewhat softer-than-expected for a second month, with the trend growth in non-supervisory earnings a new pullback low.

  • Participation rates hold at elevated levels, with prime-age participation remaining at a post-pandemic high and at the highest levels since 2002. Total participation still yet to touch pre-pandemic peak, but remains trending higher.

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