Did Pay Beat Inflation in August 2026? Hourly Wages Fell in Real Terms

Clock, pay envelope, and price tag illustrating hourly versus weekly real earnings

Short answer: No, not on an hourly basis. The U.S. Bureau of Labor Statistics (BLS) reported that real average hourly earnings for private-sector employees fell 0.1% from July to August 2026, seasonally adjusted. Average hourly pay rose 0.3%, but the CPI-U rose 0.4%. Real average weekly earnings nevertheless rose 0.2% because the average workweek increased … Read more