Wage growth, hiring rates, and economic outlook for the US

Name: Wage growth, hiring rates, and economic outlook for the US
Uploaded: 2026-04-03T23:22:54Z
Duration: 1 min 30 s
Description: Dagen McDowell points out that year-over-year average hourly earnings are not outpacing inflation, suggesting slowing wage growth and no labor shortage. Josh Schafer agrees, adding that hiring rates are at a decade low (3.1%), making it harder for people to switch jobs for a pay bump, but also highlights positive job growth in construction and manufacturing.

The Bottom Line · FBN · Apr 3, 2026 · 1m 30s

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Dagen McDowell points out that year-over-year average hourly earnings are not outpacing inflation, suggesting slowing wage growth and no labor shortage. Josh Schafer agrees, adding that hiring rates are at a decade low (3.1%), making it harder for people to switch jobs for a pay bump, but also highlights positive job growth in construction and manufacturing.