Average Hourly Earnings Rose 3.1 Percent Year-Over-Year


  • Average hourly earnings rose 3.1 percent in October for private sector employees.
  • Wage growth has been at or above 3.0 percent for 16 consecutive months.

Economist Corner:

A tight labor combined with positive sentiment continue to put upward pressure on wages. This is a positive for consumption, a key driver of the U.S. economy.