WASHINGTON - Wage gains have cooled to some of the lowest levels in more than a decade, with young US workers bearing the brunt of the slowdown, according to a report by the JPMorganChase Institute.

While all age groups have seen weaker raises since the peak levels of the pandemic, it’s been most pronounced for those aged 25 to 29, the report showed on Oct 29. Their annual income growth slowed to 5.2 per cent in September – one of the slowest paces since 2011, when the institute started collecting data and the economy was still recovering from the Great Recession.