FX.co ★ U.S. Average Hourly Earnings Growth Accelerates in October, Signaling Firm Wage Pressures

Average hourly earnings in the United States rose 0.4% month-over-month in October 2026, edging up from a 0.3% gain recorded in September 2026. The latest figures, updated on 06 November 2026, indicate a modest acceleration in wage growth as measured on a month-over-month basis.

The October reading means that paychecks, on average, increased at a slightly faster pace than in the prior month, with “actual” data comparing October’s wage change to September, while the “previous” figure reflects September’s change versus August. This uptick in earnings growth underscores ongoing wage momentum in the U.S. labor market and may draw attention from investors and policymakers monitoring potential inflationary pressures and the broader trajectory of consumer spending.