US Wages Remain Solid, Inflation Risks Still Loom
Average hourly earnings for non-farm private sector workers in the United States rose 13 cents, or 0.3%, in June 2026 to US$37.64. This increase was the same as the previous month and in line with market expectations.
For production and non-supervisory employees in the private sector, average hourly earnings rose 7 cents, or 0.2%, to US$32.38. This data indicates continued wage growth, although the pace remains subdued.
On an annual basis, average hourly earnings increased 3.5%, slightly higher than the 3.4% increase in May. This figure also matched market expectations.
This wage data is of concern because it could influence the Federal Reserve's outlook on inflation. If wage growth remains strong, price pressures could persist for longer, making the direction of the Fed's interest rate policy a key market focus. (gn)
Source: Newsmaker.id
