BLS released its final pre-election Weekly Earnings report through the third quarter of 2024. Wages are finally starting to creep up faster than inflation. That’s the good news. The bad news is that over the Biden presidency, earnings are still about 1.3% BELOW inflation. It provides further evidence that wage growth under Biden hasn’t kept up with inflation, resulting in a 1.3 percent loss in real earnings.

This may explain why polls show a majority of Americans are still dissatisfied with the economy: