Figure B
Manager wage growth rises as wage growth for production/nonsupervisory workers slows in recent months: Year-over-year change in private-sector nominal average hourly earnings, 2007–2024
| date | Production/nonsupervisory workers | Managers |
|---|---|---|
| Jan-2019 | 3.4% | 2.9% |
| Feb-2019 | 3.5% | 3.7% |
| Mar-2019 | 3.6% | 3.4% |
| Apr-2019 | 3.5% | 2.5% |
| May-2019 | 3.5% | 2.4% |
| Jun-2019 | 3.6% | 2.5% |
| Jul-2019 | 3.7% | 2.2% |
| Aug-2019 | 3.7% | 2.3% |
| Sep-2019 | 3.6% | 1.4% |
| Oct-2019 | 3.7% | 1.4% |
| Nov-2019 | 3.7% | 2.1% |
| Dec-2019 | 3.1% | 2.2% |
| Jan-2020 | 3.3% | 2.2% |
| Feb-2020 | 3.4% | 1.9% |
| Mar-2020 | 3.6% | 2.5% |
| Apr-2020 | 7.8% | 3.2% |
| May-2020 | 6.9% | 1.5% |
| Jun-2020 | 5.6% | 0.5% |
| Jul-2020 | 4.8% | 1.8% |
| Aug-2020 | 5.1% | 1.5% |
| Sep-2020 | 4.8% | 2.2% |
| Oct-2020 | 4.6% | 2.2% |
| Nov-2020 | 4.6% | 2.4% |
| Dec-2020 | 5.6% | 2.9% |
| Jan-2021 | 5.3% | 3.0% |
| Feb-2021 | 5.2% | 3.3% |
| Mar-2021 | 4.9% | 1.7% |
| Apr-2021 | 1.5% | 1.5% |
| May-2021 | 2.8% | 3.3% |
| Jun-2021 | 4.1% | 4.6% |
| Jul-2021 | 5.1% | 3.0% |
| Aug-2021 | 5.2% | 2.7% |
| Sep-2021 | 6.0% | 2.7% |
| Oct-2021 | 6.5% | 3.3% |
| Nov-2021 | 6.6% | 2.8% |
| Dec-2021 | 6.4% | 2.2% |
| Jan-2022 | 6.9% | 3.0% |
| Feb-2022 | 6.8% | 2.2% |
| Mar-2022 | 7.0% | 3.8% |
| Apr-2022 | 6.9% | 3.6% |
| May-2022 | 6.7% | 3.4% |
| Jun-2022 | 6.7% | 2.9% |
| Jul-2022 | 6.5% | 3.2% |
| Aug-2022 | 6.2% | 3.7% |
| Sep-2022 | 5.9% | 3.2% |
| Oct-2022 | 5.8% | 3.1% |
| Nov-2022 | 5.9% | 3.1% |
| Dec-2022 | 5.5% | 3.2% |
| Jan-2023 | 5.2% | 2.9% |
| Feb-2023 | 5.4% | 2.8% |
| Mar-2023 | 5.4% | 2.3% |
| Apr-2023 | 5.2% | 3.0% |
| May-2023 | 5.1% | 3.0% |
| Jun-2023 | 5.0% | 3.6% |
| Jul-2023 | 5.0% | 3.8% |
| Aug-2023 | 4.8% | 3.6% |
| Sep-2023 | 4.7% | 3.8% |
| Oct-2023 | 4.6% | 3.3% |
| Nov-2023 | 4.6% | 3.4% |
| Dec-2023 | 4.5% | 3.5% |
| Jan-2024 | 4.7% | 3.5% |
| Feb-2024 | 4.5% | 3.7% |
| Mar-2024 | 4.2% | 4.0% |
| Apr-2024 | 4.0% | 3.8% |
Note: Manager wages are constructed using their shares of the overall private-sector workforce and the wages for overall private-sector and production/nonsupervisory workers.
Source: EPI analysis of Bureau of Labor Statistics Current Employment Statistics public data series.
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