General Discussion

progree

(11,463 posts)

10. On wage growth

Mon Jul 8, 2019, 03:18 PM

Jul 2019

Real (meaning inflation-adjusted) average hourly earnings of production and non-supervisory workers,
in 1982-1984 dollars
https://data.bls.gov/timeseries/CES0500000032

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016: 9.18 9.23 9.22 9.21 9.20 9.19 9.21 9.21 9.20 9.21 9.21 9.19
2017: 9.17 9.19 9.21 9.22 9.24 9.26 9.27 9.24 9.23 9.22 9.21 9.22
2018: 9.20 9.20 9.23 9.24 9.24 9.24 9.24 9.27 9.29 9.27 9.32 9.37
2019: 9.39 9.39 9.38 9.37 9.40(P)

No figure for June yet, because the June CPI hasn't come out yet.

Anyway, I don't have the figures to say that inflation-adjusted wage growth (or non-inflation-adjusted wage growth) has been particularly weak, although one would expect more in such a "tight" labor market.

The nominal figures (i.e. not inflation adjusted)
https://data.bls.gov/timeseries/CES0500000008

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11 replies

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Highlight:

Rental demand soars as more millennials hold off on buying [View all] Yo_Mama_Been_Loggin Jul 2019 OP

Just another way young people coming up today are getting screwed. Aristus Jul 2019 #1

+1 CentralMass Jul 2019 #2

For the working poor Doctor Howard Jul 2019 #9

This millenial just bought. Tiggeroshii Jul 2019 #3

our mortgage wont increase like our rent Yo_Mama_Been_Loggin Jul 2019 #7

My property taxes are set with the latest assessment. Tiggeroshii Jul 2019 #8

"Solid economic growth" ... but what about faltering job growth? progree Jul 2019 #4

With unemployment this low, the raw number of jobs created isn't a good measure Amishman Jul 2019 #6

On wage growth progree Jul 2019 #10

Prime Age LFPR (age 25-54) is not all that strong compared to historically, is down from January progree Jul 2019 #11

My family's millennials must not have gotten the memo frazzled Jul 2019 #5