Wage growth disappoints

About this episode

This economy added twice the amount of jobs expected in August, which is good news for the labor market. Still, the latest jobs report showed average hourly earnings were up just 3.1% annually — the slowest growth in more than five years. In this episode, when we can expect wages to start keeping up with inflation. Plus: American tourism to Europe is up, some farmers rely on decades-old machinery as budgets tighten, and one mom goes back to school 15 years after she started. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories in today’s episode: • Jobs are steady. Prices are high. What will the Fed do? • Wage growth can't compete with inflation right now • Squeezed by a tough economy, many farmers are relying on decades-old machinery • More American tourists are visiting Europe • This mom of six is rewriting her career by going back to school