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Story perspectives

May Inflation 4.2% Outpaces 3.4% Wage Growth

6/12/2026

43 8 Full Breakdown

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Story summary
  • In May 2026, U.S. inflation rose to 4.2% while private-sector wages grew 3.4%.
  • Information-sector wages outpaced inflation by more than one point while employment fell 11% from its late-2022 peak and 1% since January.
  • Private education and health services saw the lowest wage growth and added 610,000 jobs, including 458,100 in health care.
  • LinkedIn Americas head of economics Kory Kantenga warned that many workers still receive raises that lag inflation.