Average hourly earnings have increased by 3.8% year over year in September. That was the same pace as August’s revised annual growth rate.
On a monthly basis, wage growth was up 0.2%. That’s a bit softer than the revised 0.4% monthly pace logged in August and was a bit below economists’ expectations of 0.3% growth.
In September, the average workweek for all employees on private nonfarm payrolls continued to come in at 34.2 hours.
www.barrons.com
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