Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Average hourly earnings keep growing

Andy KierszOct 7, 2016, 18:11 IST

Wage growth since the Great Recession has remained fairly low, hovering around just 2%.

This is most likely not high enough to support the Fed's stated inflation target of 2% year-over-year.

Over the past few months, wages have grown at a somewhat faster rate than this, reaching a post-crisis high of 2.6% in June.

According to the September jobs report, average hourly earnings matched that rate and bounced back from a disappointing August number, rising by 2.6% over the last year.

Business Insider/Andy Kiersz, data from Bureau of Labor Statistics

NOW WATCH: Stephen Hawking warned us about contacting aliens, but this astronomer says it's 'too late'

Please enable Javascript to watch this video