The National Statistical Office (NSO) has released the 2025 Periodic Labour Force Survey (PLFS), indicating concerning trends in earnings among Indian workers. The survey, which has evolved since its inception in 2017, now includes expanded coverage and a new sampling strategy that allows for monthly estimates of employment and unemployment. Notably, earnings for rural male casual workers fell by 3% in real terms compared to 2024, marking a 2.4% annual decline from 2022 to 2025. Meanwhile, urban male casual workers also saw a slight decline of 0.2% per annum during the same period. In contrast, female wages have increased marginally, and regular male workers experienced a modest earnings rise of just over 1%. Urban self-employed workers reported a 3.5% increase in earnings, primarily due to growth among female workers, although rural self-employed workers faced a 1.3% annual decline. The survey underscores the stagnation of daily-wage workers' earnings, aligning with trends observed in other wage data. The NSO's initiative to provide monthly estimates is beneficial, yet it is crucial to supplement these with comprehensive data on earnings quality and employment conditions to enhance understanding of India's labor market dynamics.