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US Wage Growth Index
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LATEST NEWS
PUBLISHED
August 12, 2026
Weak Wage Growth Is Squeezing Americans’ Spending Power
Pay rose more slowly than inflation again in July, with average hourly earnings up just 3.2% year over year, eroding household purchasing power even as the softness may ease pressure on the Fed to raise rates.
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PUBLISHED
August 12, 2026
U.S. workers’ pay gains have stalled
NBC News reports that American workers' pay growth has stalled, with inflation eating into paychecks and real earnings slipping as the labor market cools.
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PUBLISHED
August 12, 2026
Wages haven't kept up with inflation for four straight months
July CPI data showed annual inflation of 3.4% outpacing wage growth of 3.2%, the fourth consecutive month that pay has lagged prices and the slowest pace of wage gains since 2021.
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