Year-over-year change in nominal average hourly earnings of all private nonfarm employees and private production/nonsupervisory workers, 2007–2014
Month | All private employees | Production/nonsupervisory workers |
---|---|---|
Mar-2007 | 3.6% | 4.1% |
Apr-2007 | 3.3% | 3.8% |
May-2007 | 3.7% | 4.1% |
Jun-2007 | 3.9% | 4.1% |
Jul-2007 | 3.4% | 4.1% |
Aug-2007 | 3.5% | 4.0% |
Sep-2007 | 3.2% | 4.1% |
Oct-2007 | 3.3% | 3.8% |
Nov-2007 | 3.3% | 3.9% |
Dec-2007 | 3.1% | 3.8% |
Jan-2008 | 3.1% | 3.9% |
Feb-2008 | 3.0% | 3.7% |
Mar-2008 | 3.0% | 3.8% |
Apr-2008 | 2.8% | 3.7% |
May-2008 | 3.0% | 3.7% |
Jun-2008 | 2.7% | 3.6% |
Jul-2008 | 3.0% | 3.7% |
Aug-2008 | 3.3% | 3.8% |
Sep-2008 | 3.3% | 3.6% |
Oct-2008 | 3.3% | 3.9% |
Nov-2008 | 3.6% | 3.9% |
Dec-2008 | 3.6% | 3.8% |
Jan-2009 | 3.5% | 3.7% |
Feb-2009 | 3.5% | 3.7% |
Mar-2009 | 3.2% | 3.5% |
Apr-2009 | 3.2% | 3.3% |
May-2009 | 2.8% | 3.1% |
Jun-2009 | 2.7% | 2.9% |
Jul-2009 | 2.6% | 2.7% |
Aug-2009 | 2.4% | 2.6% |
Sep-2009 | 2.3% | 2.7% |
Oct-2009 | 2.3% | 2.6% |
Nov-2009 | 2.1% | 2.7% |
Dec-2009 | 1.8% | 2.5% |
Jan-2010 | 2.0% | 2.6% |
Feb-2010 | 1.8% | 2.5% |
Mar-2010 | 1.8% | 2.3% |
Apr-2010 | 1.8% | 2.4% |
May-2010 | 1.9% | 2.6% |
Jun-2010 | 1.8% | 2.5% |
Jul-2010 | 1.8% | 2.5% |
Aug-2010 | 1.7% | 2.4% |
Sep-2010 | 1.9% | 2.2% |
Oct-2010 | 1.9% | 2.5% |
Nov-2010 | 1.7% | 2.2% |
Dec-2010 | 1.7% | 2.0% |
Jan-2011 | 2.0% | 2.2% |
Feb-2011 | 1.8% | 2.1% |
Mar-2011 | 1.8% | 2.1% |
Apr-2011 | 1.9% | 2.1% |
May-2011 | 2.0% | 2.1% |
Jun-2011 | 2.1% | 2.0% |
Jul-2011 | 2.3% | 2.3% |
Aug-2011 | 1.9% | 2.0% |
Sep-2011 | 1.9% | 2.0% |
Oct-2011 | 2.1% | 1.7% |
Nov-2011 | 2.0% | 1.8% |
Dec-2011 | 2.0% | 1.8% |
Jan-2012 | 1.7% | 1.4% |
Feb-2012 | 1.9% | 1.5% |
Mar-2012 | 2.1% | 1.7% |
Apr-2012 | 2.0% | 1.8% |
May-2012 | 1.8% | 1.4% |
Jun-2012 | 2.0% | 1.5% |
Jul-2012 | 1.8% | 1.4% |
Aug-2012 | 1.9% | 1.3% |
Sep-2012 | 2.0% | 1.4% |
Oct-2012 | 1.5% | 1.3% |
Nov-2012 | 1.9% | 1.4% |
Dec-2012 | 2.1% | 1.6% |
Jan-2013 | 2.2% | 1.9% |
Feb-2013 | 2.1% | 2.0% |
Mar-2013 | 1.9% | 1.9% |
Apr-2013 | 2.0% | 1.7% |
May-2013 | 2.1% | 1.9% |
Jun-2013 | 2.2% | 2.0% |
Jul-2013 | 1.9% | 2.0% |
Aug-2013 | 2.2% | 2.1% |
Sep-2013 | 2.0% | 2.2% |
Oct-2013 | 2.2% | 2.3% |
Nov-2013 | 2.2% | 2.3% |
Dec-2013 | 1.9% | 2.3% |
Jan-2014 | 2.0% | 2.2% |
Feb-2014 | 2.1% | 2.5% |
Mar-2014 | 2.1% | 2.3% |
Apr-2014 | 2.0% | 2.3% |
May-2014 | 2.1% | 2.4% |
Jun-2014 | 2.0% | 2.3% |
Jul-2014 | 2.0% | 2.3% |
Aug-2014 | 2.1% | 2.5% |
Sep-2014 | 2.0% | 2.2% |
Oct-2014 | 2.0% | 2.2% |
Note: Wage target consistent with Federal Reserve Board's 2 percent inflation target and 1.5% labor productivity growth assumption. Light shaded area denotes recession.
Source: Authors' analysis of Bureau of Labor Statistics' Current Employment Statistics, public data series.