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Average hourly earnings rose an anemic 0.1% from August and are up 3% year over year. That's against a backdrop of 3.4% inflation.
September's jobs report extended a trend that illustrates consumers' widespread pain: Their pay is not keeping pace with inflation. Average hourly earnings rose an anemic 0.1% month over month and are up 3% year over year, new Labor Department data shows.
That's against a backdrop of inflation data, which showed, most recently,"Inflation has eaten up all wage gains for the average worker since April. Many people are having to make hard choices about what to buy and what to skimp on right now," Heather Long, chief economist for Navy Federal Credit Union,"Notable: Wages only ticked up 0.1% in the month of September," she added.
"That was the weakest monthly gain since December 2025. "painted a bleak picture overall: the economy added just 29,000 jobs, well below expectations, unemployment ticked up, and previous months' job figures were revised downward by 60,000 jobs. Overall, however, the long-running"low hire, low fire" dynamic seems to be holding. Not great news for job seekers, but not an alarm bell for economists either.
"Notwithstanding this month's disappointment, I'm generally quite positive on labor market developments in 2026," Guy Berger, senior adviser on labor markets at Access/Macro,
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