Wages and salaries rose 0.4 percent in May, extending a run of solid monthly gains and continuing to outpace inflation, according to Commerce Department data released Friday. With core consumer prices rising just 0.2 percent last month, the latest wage increase represents a real gain in purchasing power for American workers.
The increase marked the second consecutive month of 0.4 percent wage growth, driven by steady hiring and rising pay in both goods-producing and services industries. Private sector payrolls led the way, with services-producing industries adding $35.9 billion in wages and goods-producing industries contributing $7.5…
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