Figure A
Real wage growth over the last seven business cycles: Average hourly earnings for production and non-supervisory workers
Month | 1960 peak | 1969 peak | 1973 peak | 1980 peak | 1981 peak | 1990 peak | 2001 peak | 2007 peak |
---|---|---|---|---|---|---|---|---|
-24 | ||||||||
-23 | ||||||||
-22 | ||||||||
-21 | ||||||||
-20 | ||||||||
-19 | ||||||||
-18 | 97.5% | |||||||
-17 | 97.5% | |||||||
-16 | 101.9% | 101.9% | 97.7% | |||||
-15 | 101.8% | 102.2% | 97.8% | |||||
-14 | 101.7% | 101.8% | 98.0% | |||||
-13 | 102.3% | 101.4% | 97.9% | |||||
-12 | 102.0% | 101.6% | 97.7% | |||||
-11 | 99.4% | 101.4% | 101.1% | 97.7% | ||||
-10 | 99.9% | 99.0% | 102.2% | 101.7% | 98.0% | |||
-9 | 99.4% | 99.4% | 101.9% | 101.4% | 98.1% | |||
-8 | 99.6% | 99.3% | 101.7% | 101.3% | 100.8% | 99.3% | 98.6% | |
-7 | 99.5% | 99.8% | 102.1% | 101.1% | 100.4% | 99.3% | 99.7% | |
-6 | 99.7% | 99.6% | 101.7% | 100.3% | 101.2% | 100.4% | 99.4% | 100.3% |
-5 | 100.2% | 99.5% | 101.4% | 100.1% | 100.8% | 100.2% | 99.4% | 100.2% |
-4 | 100.9% | 100.1% | 100.7% | 100.5% | 100.6% | 100.2% | 99.3% | 100.2% |
-3 | 99.7% | 99.9% | 100.9% | 100.1% | 100.9% | 100.2% | 99.6% | 100.4% |
-2 | 100.1% | 100.3% | 100.0% | 99.9% | 100.5% | 100.1% | 99.7% | 100.3% |
-1 | 100.0% | 100.3% | 100.1% | 100.1% | 100.1% | 99.9% | 99.8% | 100.2% |
0 | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
1 | 99.9% | 100.3% | 99.5% | 100.0% | 100.1% | 100.3% | 100.2% | 100.2% |
2 | 100.7% | 100.0% | 99.7% | 99.5% | 100.2% | 100.2% | 100.1% | 100.3% |
3 | 101.0% | 100.7% | 100.4% | 99.9% | 100.4% | 100.2% | 100.1% | 100.3% |
4 | 101.3% | 100.8% | 100.1% | 100.1% | 100.3% | 100.2% | 100.1% | 100.2% |
5 | 102.2% | 100.7% | 99.9% | 100.1% | 100.0% | 100.1% | 100.0% | 100.5% |
6 | 101.5% | 101.0% | 99.6% | 100.0% | 100.3% | 100.0% | 100.1% | 100.5% |
7 | 101.5% | 101.4% | 99.8% | 99.7% | 100.2% | 99.9% | 100.4% | 100.8% |
8 | 102.0% | 101.1% | 100.0% | 99.8% | 100.2% | 99.8% | 100.5% | 101.0% |
9 | 102.0% | 101.9% | 99.7% | 99.7% | 99.5% | 99.8% | 100.4% | 100.9% |
10 | 102.3% | 101.9% | 99.5% | 99.5% | 99.8% | 99.7% | 100.6% | 101.1% |
11 | 102.7% | 101.9% | 100.0% | 99.6% | 100.0% | 99.7% | 100.9% | 101.4% |
12 | 102.9% | 101.7% | 99.9% | 99.4% | 99.9% | 99.6% | 100.9% | 101.4% |
13 | 102.7% | 103.1% | 100.0% | 99.6% | 99.6% | 101.1% | 101.4% | |
14 | 103.4% | 104.5% | 100.6% | 99.7% | 99.6% | 101.0% | 101.6% | |
15 | 102.9% | 105.0% | 100.4% | 99.1% | 99.7% | 101.2% | 101.5% | |
16 | 102.5% | 105.3% | 100.4% | 99.2% | 99.7% | 101.1% | 101.8% | |
17 | 103.5% | 105.5% | 100.9% | 99.2% | 99.8% | 101.1% | 101.7% | |
18 | 103.5% | 105.5% | 100.7% | 98.8% | 99.6% | 101.4% | 101.6% | |
19 | 103.7% | 105.5% | 100.8% | 99.1% | 99.6% | 101.5% | 101.8% | |
20 | 103.8% | 105.9% | 100.9% | 99.1% | 99.4% | 101.5% | 101.6% | |
21 | 103.8% | 106.5% | 100.8% | 98.9% | 99.5% | 101.4% | 101.3% | |
22 | 103.7% | 106.7% | 101.1% | 99.0% | 99.6% | 101.3% | 101.3% | |
23 | 104.0% | 107.3% | 101.3% | 98.6% | 99.5% | 101.3% | 101.3% | |
24 | 104.3% | 107.1% | 101.2% | 98.6% | 99.8% | 101.5% | 101.2% | |
25 | 104.8% | 107.5% | 101.7% | 98.6% | 99.4% | 101.3% | 101.2% | |
26 | 104.4% | 107.8% | 101.6% | 98.4% | 99.3% | 101.3% | 101.0% | |
27 | 104.7% | 107.8% | 101.8% | 98.2% | 99.3% | 101.3% | 100.9% | |
28 | 105.2% | 107.9% | 101.6% | 98.1% | 99.3% | 101.2% | 101.1% | |
29 | 105.5% | 107.5% | 101.5% | 98.2% | 99.3% | 101.2% | 100.9% | |
30 | 105.0% | 107.7% | 101.5% | 98.0% | 99.5% | 101.2% | 100.8% | |
31 | 105.3% | 107.6% | 102.1% | 98.1% | 99.5% | 101.2% | 100.6% | |
32 | 105.9% | 107.9% | 102.2% | 97.9% | 99.4% | 101.2% | 100.6% | |
33 | 105.5% | 108.7% | 101.9% | 97.9% | 99.5% | 101.4% | 100.7% | |
34 | 106.0% | 107.3% | 102.3% | 98.0% | 99.8% | 101.4% | 100.7% | |
35 | 105.5% | 107.8% | 102.4% | 97.6% | 100.0% | 101.3% | 100.7% | |
36 | 105.6% | 108.0% | 102.8% | 97.5% | 99.7% | 101.1% | 100.8% | |
37 | 105.4% | 103.0% | 97.8% | 99.7% | 101.2% | 100.8% | ||
38 | 106.2% | 102.8% | 97.1% | 99.7% | 101.3% | 100.4% | ||
39 | 106.0% | 103.2% | 97.3% | 99.6% | 101.2% | 100.4% | ||
40 | 106.8% | 103.2% | 97.5% | 99.7% | 101.1% | 100.2% | ||
41 | 106.8% | 103.1% | 97.5% | 99.6% | 101.2% | 100.5% | ||
42 | 106.8% | 103.0% | 97.3% | 99.8% | 101.3% | 100.6% | ||
43 | 107.5% | 103.5% | 97.2% | 99.9% | 101.5% | 100.7% | ||
44 | 107.0% | 103.4% | 97.1% | 100.0% | 101.6% | 100.6% | ||
45 | 107.4% | 103.4% | 97.1% | 100.0% | 101.4% | 100.8% | ||
46 | 107.8% | 103.5% | 96.7% | 99.8% | 100.9% | 101.0% | ||
47 | 107.7% | 103.5% | 96.7% | 100.1% | 101.2% | 101.0% | ||
48 | 108.0% | 103.6% | 96.9% | 100.0% | 101.3% | 101.0% | ||
49 | 108.7% | 102.8% | 96.7% | 99.8% | 101.6% | 101.0% | ||
50 | 108.5% | 103.0% | 96.5% | 99.8% | 101.6% | 101.0% | ||
51 | 108.7% | 102.9% | 96.7% | 99.9% | 101.9% | 101.0% | ||
52 | 109.3% | 102.9% | 96.5% | 100.1% | 102.0% | 101.2% | ||
53 | 109.1% | 102.8% | 96.2% | 100.1% | 102.2% | 101.2% | ||
54 | 109.4% | 103.1% | 96.2% | 100.3% | 102.0% | 101.1% | ||
55 | 109.5% | 102.5% | 95.9% | 100.2% | 102.2% | 101.2% | ||
56 | 110.3% | 102.5% | 95.8% | 100.3% | 102.3% | 101.6% | ||
57 | 110.0% | 102.6% | 96.1% | 100.4% | 102.3% | 101.4% | ||
58 | 110.4% | 101.7% | 95.8% | 100.7% | 102.5% | 101.4% | ||
59 | 110.1% | 95.8% | 100.5% | 103.0% | 101.3% | |||
60 | 110.7% | 96.1% | 100.4% | 103.2% | 101.3% | |||
61 | 110.5% | 96.0% | 100.8% | 103.3% | 101.4% | |||
62 | 110.9% | 95.7% | 100.7% | 103.3% | 101.6% | |||
63 | 110.3% | 95.6% | 101.1% | 103.3% | 101.5% | |||
64 | 110.4% | 95.4% | 101.1% | 103.5% | 101.5% | |||
65 | 110.9% | 95.4% | 101.2% | 103.6% | 101.8% | |||
66 | 111.2% | 95.6% | 101.3% | 103.8% | 101.7% | |||
67 | 110.6% | 95.4% | 101.3% | 104.1% | 102.3% | |||
68 | 111.2% | 95.3% | 101.3% | 104.1% | 102.3% | |||
69 | 110.7% | 95.2% | 101.5% | 104.2% | 102.2% | |||
70 | 110.5% | 95.3% | 101.8% | 104.2% | 102.2% | |||
71 | 110.9% | 95.4% | 101.8% | 104.1% | 102.3% | |||
72 | 111.2% | 95.3% | 102.0% | 103.9% | 102.2% | |||
73 | 111.5% | 95.3% | 102.1% | 104.0% | 102.1% | |||
74 | 111.4% | 95.4% | 102.3% | 102.4% | ||||
75 | 112.1% | 95.5% | 102.3% | 102.3% | ||||
76 | 111.6% | 95.3% | 102.5% | 102.6% | ||||
77 | 112.1% | 95.5% | 103.0% | 102.5% | ||||
78 | 112.2% | 94.9% | 103.0% | 102.7% | ||||
79 | 112.2% | 95.0% | 103.4% | 102.8% | ||||
80 | 112.2% | 95.1% | 103.6% | 102.8% | ||||
81 | 112.4% | 95.1% | 103.8% | 103.0% | ||||
82 | 112.3% | 95.2% | 103.9% | 103.0% | ||||
83 | 113.2% | 95.4% | 104.1% | 102.8% | ||||
84 | 113.2% | 95.0% | 104.4% | 102.8% | ||||
85 | 113.6% | 95.2% | 104.5% | 103.0% | ||||
86 | 113.3% | 95.1% | 104.7% | 102.9% | ||||
87 | 113.7% | 95.2% | 104.8% | 102.9% | ||||
88 | 113.7% | 95.1% | 104.8% | 103.0% | ||||
89 | 114.2% | 94.9% | 105.0% | 102.9% | ||||
90 | 113.6% | 95.0% | 105.3% | 103.0% | ||||
91 | 114.3% | 94.9% | 105.4% | 102.7% | ||||
92 | 114.5% | 94.7% | 105.5% | 102.8% | ||||
93 | 114.5% | 105.6% | 103.1% | |||||
94 | 114.6% | 105.8% | 103.2% | |||||
95 | 114.9% | 106.0% | 103.3% | |||||
96 | 115.6% | 106.2% | 103.4% | |||||
97 | 115.4% | 106.2% | 103.5% | |||||
98 | 115.6% | 106.5% | 103.4% | |||||
99 | 115.7% | 106.7% | 103.6% | |||||
100 | 115.9% | 106.8% | 103.3% | |||||
101 | 115.7% | 106.8% | 103.3% | |||||
102 | 116.5% | 107.0% | 103.4% | |||||
103 | 116.6% | 107.0% | 103.1% | |||||
104 | 116.6% | 107.0% | 103.2% | |||||
105 | 116.7% | 107.1% | 103.4% | |||||
106 | 116.6% | 107.3% | 103.5% | |||||
107 | 107.4% | 103.6% | ||||||
108 | 107.4% | 103.7% | ||||||
109 | 107.6% | 103.7% | ||||||
110 | 107.8% | 103.9% | ||||||
111 | 107.8% | 104.1% | ||||||
112 | 107.8% | 104.1% | ||||||
113 | 108.0% | |||||||
114 | 108.1% | |||||||
115 | 108.4% | |||||||
116 | 108.4% | |||||||
117 | 108.7% | |||||||
118 | 108.2% | |||||||
119 | 108.6% | |||||||
120 | 108.8% |
Note: The line for each recession begins at the official start of the recession, so the length of the line to the left of zero indicates the length of each recession.
Source: EPI analysis of Bureau of Labor Statistics Current Employment Statistics public data series.
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