Key Points
Real Hourly Wages by Month
The BLS says the decline for production and nonsupervisory workers is 0.9 percent in March. I calculate a decline of 0.97 percent. There is a small rounding issue somewhere.
I take the seasonally-adjusted change in Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private, Dollars per Hour, and subtract the seasonally-adjusted change in the Consumer Price Index for All Urban Wage Earners and Clerical Workers: All Items in U.S. City Average.
Fred does the calculation for me (It’s simply a-b). There is a small rounding error somewhere.
Year-Over-Year Real Wages
Year-Over-Year Real Wages
Year-over-year real wages have declined for 12 consecutive months.
CPI Rips Higher to 8.5 Percent From a Year Ago, the Most Since 1981
The CPI is a key input to real wages.
For discussion of the CPI in March, please see CPI Rips Higher to 8.5 Percent From a Year Ago, the Most Since 1981.
To anyone living in a city where autonomous vehicles operate, it would seem they need a… Read More
Homeowners associations (HOAs) are notorious punching bags, shamed for bullying widows to mow the lawn… Read More
Tanzania has recently begun to re-emerge from a period of damaging isolationism under former president… Read More
In this graphic, we list the 15 best U.S. companies to work for in 2024,… Read More
If you’re among the large number of Americans who want to see rents come down and stay down, then… Read More
If you needed long-term care, could you afford it? For many Americans, especially those with… Read More
This website uses cookies.