Yes, the rate of wage growth did tick up last month.*
But the rate of wage growth fell dramatically at the start of the Second Great Depression, and it remains very low.
*According to the Bureau of Labor Statistics, average hourly earnings for all employees on private nonfarm payrolls in September rose by 7 cents to $23.58. Over the past 12 months, average hourly earnings have risen by 1.8 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees increased by 5 cents to $19.81.