# Growth in wages paid accelerated in April to 1.9% y-o-y on a three-month moving average, up from 1.4% in March.

*fintech · news · 2026-05-06 · MarketScreener*

## Key points

- Bank of America data shows wage growth accelerating to 1.9% y-o-y in April, the highest since 2021.
- BofA data contrasts with weaker BLS and ADP wage indicators, indicating a growing divergence.
- Growth in unemployment benefits slowed to 7.4% y-o-y in April, suggesting no clear labor market degradation.
- Small businesses saw payroll payment declines for the third straight month according to BofA’s data.
- Gas station card spending rose 16.5% month-on-month, disproportionately impacting low-income households.

**Companies:** Bank of America
**Countries:** United States

[Read the full story on MarketScreener](https://www.marketscreener.com/news/bank-of-america-data-points-to-a-stronger-but-more-unequal-us-economy-ce7f58d2df8af721)

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