AI Data Insight

The newly released average hourly earnings for US manufacturing in Q3 2026 reached $36.92, continuing to rise from $36.87 in the previous period (also Q3). Although the YoY growth rate of hourly earnings in the overall labor market has slowed to 3.2%, manufacturing wages still exhibit stickiness, benefiting from durable goods manufacturing and AI infrastructure demand. In the short term, labor costs remain supported, which will add a variable of observation to the Federal Reserve's future pace of interest rate cuts.

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