Wage Growth Continued To Outpace Inflation For Nearly All Workers in August

Despite weak jobs growth, average weekly wages continued to rise in the 0.3% to 0.4% range monthly for all private industry and leisure and hospitality workers. The average month-over-month increase in August for all private workers was 0.3%, the same increase as July. The 12-month gain fell to 3.7% in August from a spurt of…