Average hourly earnings miss
Sep 2, 2016, 18:04 IST
Wage growth since the Great Recession has remained fairly low, hovering around just 2%.
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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 August jobs report, released Friday, wages grew by 2.4% over the prior year,compared to expecations of 2.5%.
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