Mmastodon BusinessEconomy first seen 3 d ago, last 3 d ago, peak #3

Inflation-adjusted US wages fall for sixth straight month

Original: Zero # wage growth∶ The combination of higher # inflation & weaker wage growth means that Americans are # earning less f

American workers are effectively earning less: average hourly earnings adjusted for inflation fell 0.5% in August and were down 0.7% from a year earlier, marking the sixth consecutive decline. With inflation running high while nominal wage growth stalls, paychecks are buying less every month, fueling concern about the squeeze on household incomes and the broader cost-of-living pressure facing US families.

Why now: Rising inflation combined with stagnant wages is squeezing household budgets, making falling real pay a hot economic talking point.

United StatesUS workersinflationaverage hourly earnings

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Rank over time, top of the chart is #1. 5 snapshots from 3 d ago to 3 d ago.

Evidence

• Zero # wage growth∶ The combination of higher # inflation & weaker wage growth means that Americans are # earning less for every hour of # work . Average hourly # earnings , adjusted for inflation, fell 0.5% in August, & were down 0.7% from a year earlier. It was the sixth… · Nonilex@masto.ai · 13

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