(Washington, DC) — Americans are taking home slightly more money, but still not enough to offset continued stiff inflation. That’s the word from the federal government’s latest jobs report. It says average hourly earnings in December rose by nine-cents to 32-dollars and 82-cents an hour. That means wages have grown by four-point-six percent in the last year. Inflation hovers at about 7.1%, meaning the average worker is suffering from what amounts to 3.5% pay cut–and has for most of the past year under Biden. However, that’s below expectations of five-percent.
