Economy · Jobs

Wage Growth (average hourly earnings, YoY)

YearAverageYear close
20073.23%2.82%
20083.15%3.73%
20092.81%1.91%
20101.84%1.74%
20112.00%2.02%
20121.90%2.15%
20132.10%1.94%
20142.08%1.86%
20152.25%2.52%
20162.57%2.69%
20172.56%2.70%
20183.01%3.49%

Source: FRED CES0500000003 (Average Hourly Earnings of All Employees, Total Private). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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