Federal Reserve Bank of Richmond: Regional Firms Report Wage Growth Returns to Normal Levels
March 25, 2026
March 25, 2026
RICHMOND, Virginia, March 25 -- The Federal Reserve Bank of Richmond issued the following Regional Matters analysis by Jason Kosakow:
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Regional Firms Report Wage Growth Returns to Normal Levels
In mid-2021, regional businesses who responded to the Richmond Fed business surveys started to report accelerated wage growth. This wage growth coincided with increasing labor demand and challenges of finding workers with the right skills. In February 2024, we r . . .
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Regional Firms Report Wage Growth Returns to Normal Levels
In mid-2021, regional businesses who responded to the Richmond Fed business surveys started to report accelerated wage growth. This wage growth coincided with increasing labor demand and challenges of finding workers with the right skills. In February 2024, we r . . .