Wage growth in U.S. job postings has been softening for more than a year now, and at the current rate it could return to pre-pandemic levels by early 2024, according to Indeed Hiring Lab.

Advertised wages rose 5.3% in May from a year earlier, a marked decline from the peak of 9.3% in January 2022, according to Indeed’s wage tracker. The slowdown has been broad-based across industries, but it’s been particularly pronounced in low-wage sectors — for the type of positions that saw gains as the economy recovered from the pandemic.

At its current rate of deceleration, wage growth would return to its 2019 average of 3.1% late this year or early in 2024, according to Indeed.

Among the sectors that are seeing a sharp pullback is the software industry, which has been through waves of layoffs in recent months following a hiring spree at the height of the pandemic.

The Atlanta Fed’s wage growth tracker also dropped to 6.1% in April after peaking at 6.7% in June last year.

U.S. and British cybersecurity officials warned Wednesday that a Russian cyber-extortion gang’s hack of a file-transfer program popular with corporations could have widespread global impact.

Initial data-theft victims include the BBC, British Airways and Nova Scotia’s government.

“This is potentially one of the most significant breaches of recent years,” said Brett Callow, an analyst at cybersecurity firm Emsisoft. “We’ll have a better sense of how significant it is as more details emerge.”

The exploited program, MOVEit, is widely used by businesses to securely share files. The parent company of its U.S. maker, Progress Software, alerted customers to the breach on May 31 and issued a patch.

But cybersecurity researchers say scores if not hundreds of companies may by then have already been hit.