Pine Creek Capital Management
Library / Growth and labor
Growth and labor / Wage growth vs. inflation

Average hourly earnings, private running at 3.02% year over year, the lowest in 5 years, down 0.82 pts from a year ago

Percent, year over yearAverage hourly earningsCPI
Source: FRED, Federal Reserve Bank of St. Louis. Data through September 2026.PNGPine Creek Capital Management

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