Average hourly wages in the United States rose in April.

In April, the average hourly wage in the United States increased by 0.2% month-on-month, with the year-on-year growth rate basically unchanged from March at 3.8%. Since 2022, the growth of workers' income has gradually slowed down, but inflation, which drives the real income growth of workers, is also slowing down. How long wage growth can be sustained will be a key factor in determining whether the one-time tariff increase will a long-term inflation cycle.