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Trump-Iran War Spurs Real Wage Declines, BLS Shows

8/25/2026

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Story summary
  • U.S. President Donald Trump’s war with Iran reignited inflation, causing real wages to fall since March 2026.
  • The Bureau of Labor Statistics reported private-sector real hourly earnings fell 0.6% in March 2026.
  • Real earnings dropped 0.5% in April and 0.1% in May 2026.
  • Fox News and Fox Business hosts claimed wages were increasing despite the BLS data.