Ladies and gentleman, we have a tiny bit of wage growth

The February jobs report shows a hint of wage growth in the economy — but only a hint.

Wages grew at a rate of 2% annually, versus an expectation of 2.2%. That’s just barely outpacing inflation, and is a deceleration from the January report, which showed 2.2% growth year-over-year.

Month-over-month, average hourly earnings rose by three cents, or 0.1%, to $US24.78.

More to come…

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.