For Immediate Release: Wednesday, June 8, 2011
Contact: Phoebe Silag or Karen Conner, email@example.com 202-775-8810
Wage growth has tumbled in the recession and its aftermath. Today’s Snapshot shows that wages have fallen from an annual growth rate of 3.8% in May 2007 to a rate of 1.8% in May 2011. Average hourly wages were also relatively flat (up just 6 cents), a rate far worse than before the recession started.