US Private Hourly Earnings Rise 0.3% to $37.64 in June as Annual Wage Growth Hits 3.5%
Updated
Updated · TradingView · Jul 2
US Private Hourly Earnings Rise 0.3% to $37.64 in June as Annual Wage Growth Hits 3.5%
3 articles · Updated · TradingView · Jul 2
Summary
$37.64 was the average hourly pay for U.S. private nonfarm workers in June, up 13 cents from May and matching forecasts with another 0.3% monthly gain.
3.5% annual wage growth edged up from 3.4% in May, suggesting pay pressures remained steady rather than accelerating.
$32.38 was the June average for private-sector production and nonsupervisory workers, whose hourly earnings rose 7 cents, or 0.2%, on the month.
The wage data follows expectations that June payroll growth slowed to about 110,000-115,000 jobs while unemployment held at 4.3%, reinforcing a picture of a cooling but stable labor market.
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June 2026 Jobs Data: Unemployment Falls, Real Wages Stagnate, and Fed Faces New Inflation Pressures
Overview
The June 2026 jobs report reveals a significant slowdown in the labor market, with average hourly earnings rising by 0.3% for the month and 3.5% year-over-year. While this wage growth matches expectations, it remains below inflation, meaning workers' incomes are not keeping up with the cost of living. This gap highlights a key challenge: even as headline numbers appear stable, real purchasing power is declining. The report signals shifting dynamics, where wage gains are not enough to offset rising prices, pointing to deeper issues in economic stability and worker well-being.