Nominal Wage Series
Nominal monthly average hourly earnings of all private and non-supervisory employees, and consumer price index, 1979–2014
| CPI-U-RS | Average hourly earnings of productivity/ nonsupervisor workers | Average hourly earnings of all private employees | Fed Target | ||
|---|---|---|---|---|---|
| Jan-1979 | 8.1% | 8.5% | -4.0% | 3.5% | |
| Feb-1979 | 8.5% | 8.6% | -4.0% | 3.5% | |
| Mar-1979 | 8.9% | 8.6% | -4.0% | 3.5% | |
| Apr-1979 | 8.9% | 7.4% | -4.0% | 3.5% | |
| May-1979 | 8.9% | 7.9% | -4.0% | 3.5% | |
| Jun-1979 | 9.3% | 7.7% | -4.0% | 3.5% | |
| Jul-1979 | 9.9% | 7.8% | -4.0% | 3.5% | |
| Aug-1979 | 10.0% | 7.9% | -4.0% | 3.5% | |
| Sep-1979 | 10.1% | 8.0% | -4.0% | 3.5% | |
| Oct-1979 | 10.5% | 7.3% | -4.0% | 3.5% | |
| Nov-1979 | 10.4% | 7.4% | -4.0% | 3.5% | |
| Dec-1979 | 10.7% | 7.7% | -4.0% | 3.5% | |
| Jan-1980 | 11.2% | 7.0% | -4.0% | 3.5% | |
| Feb-1980 | 11.6% | 7.3% | -4.0% | 3.5% | |
| Mar-1980 | 11.7% | 7.7% | -4.0% | 3.5% | |
| Apr-1980 | 11.5% | 8.0% | -4.0% | 3.5% | |
| May-1980 | 11.3% | 7.6% | -4.0% | 3.5% | |
| Jun-1980 | 10.9% | 7.9% | -4.0% | 3.5% | |
| Jul-1980 | 10.8% | 7.9% | -4.0% | 3.5% | |
| Aug-1980 | 10.9% | 8.0% | -4.0% | 3.5% | |
| Sep-1980 | 11.2% | 7.8% | -4.0% | 3.5% | |
| Oct-1980 | 10.8% | 8.5% | -4.0% | 3.5% | |
| Nov-1980 | 11.0% | 8.9% | -4.0% | 3.5% | |
| Dec-1980 | 10.6% | 8.5% | -4.0% | 3.5% | |
| Jan-1981 | 10.5% | 9.4% | -4.0% | 3.5% | |
| Feb-1981 | 10.5% | 9.0% | -4.0% | 3.5% | |
| Mar-1981 | 10.3% | 8.8% | -4.0% | 3.5% | |
| Apr-1981 | 10.0% | 9.1% | -4.0% | 3.5% | |
| May-1981 | 9.6% | 9.0% | -4.0% | 3.5% | |
| Jun-1981 | 9.6% | 8.8% | -4.0% | 3.5% | |
| Jul-1981 | 9.5% | 8.7% | -4.0% | 3.5% | |
| Aug-1981 | 9.4% | 9.0% | -4.0% | 3.5% | |
| Sep-1981 | 9.1% | 8.9% | -4.0% | 3.5% | |
| Oct-1981 | 9.0% | 8.1% | -4.0% | 3.5% | |
| Nov-1981 | 8.7% | 7.8% | -4.0% | 3.5% | |
| Dec-1981 | 8.3% | 7.2% | -4.0% | 3.5% | |
| Jan-1982 | 7.8% | 7.4% | -4.0% | 3.5% | |
| Feb-1982 | 6.9% | 6.9% | -4.0% | 3.5% | |
| Mar-1982 | 6.3% | 6.4% | -4.0% | 3.5% | |
| Apr-1982 | 5.9% | 6.0% | -4.0% | 3.5% | |
| May-1982 | 6.2% | 6.2% | -4.0% | 3.5% | |
| Jun-1982 | 6.5% | 5.8% | -4.0% | 3.5% | |
| Jul-1982 | 6.4% | 5.8% | -4.0% | 3.5% | |
| Aug-1982 | 5.9% | 5.4% | -4.0% | 3.5% | |
| Sep-1982 | 5.3% | 4.9% | -4.0% | 3.5% | |
| Oct-1982 | 5.4% | 4.9% | -4.0% | 3.5% | |
| Nov-1982 | 5.2% | 4.5% | -4.0% | 3.5% | |
| Dec-1982 | 5.1% | 5.0% | -4.0% | 3.5% | |
| Jan-1983 | 4.8% | 4.4% | -4.0% | 3.5% | |
| Feb-1983 | 4.5% | 4.8% | -4.0% | 3.5% | |
| Mar-1983 | 4.4% | 4.4% | -4.0% | 3.5% | |
| Apr-1983 | 5.1% | 4.6% | -4.0% | 3.5% | |
| May-1983 | 4.8% | 4.3% | -4.0% | 3.5% | |
| Jun-1983 | 4.2% | 4.3% | -4.0% | 3.5% | |
| Jul-1983 | 3.9% | 4.3% | -4.0% | 3.5% | |
| Aug-1983 | 3.9% | 3.3% | -4.0% | 3.5% | |
| Sep-1983 | 4.0% | 4.0% | -4.0% | 3.5% | |
| Oct-1983 | 3.8% | 4.4% | -4.0% | 3.5% | |
| Nov-1983 | 3.7% | 4.3% | -4.0% | 3.5% | |
| Dec-1983 | 3.8% | 3.9% | -4.0% | 3.5% | |
| Jan-1984 | 4.2% | 4.0% | -4.0% | 3.5% | |
| Feb-1984 | 4.6% | 3.3% | -4.0% | 3.5% | |
| Mar-1984 | 4.8% | 3.8% | -4.0% | 3.5% | |
| Apr-1984 | 4.4% | 3.9% | -4.0% | 3.5% | |
| May-1984 | 4.2% | 3.3% | -4.0% | 3.5% | |
| Jun-1984 | 4.1% | 3.5% | -4.0% | 3.5% | |
| Jul-1984 | 4.1% | 3.5% | -4.0% | 3.5% | |
| Aug-1984 | 4.1% | 3.9% | -4.0% | 3.5% | |
| Sep-1984 | 4.1% | 3.6% | -4.0% | 3.5% | |
| Oct-1984 | 4.0% | 2.9% | -4.0% | 3.5% | |
| Nov-1984 | 4.0% | 3.0% | -4.0% | 3.5% | |
| Dec-1984 | 3.9% | 3.4% | -4.0% | 3.5% | |
| Jan-1985 | 3.4% | 2.7% | -4.0% | 3.5% | |
| Feb-1985 | 3.4% | 3.2% | -4.0% | 3.5% | |
| Mar-1985 | 3.6% | 3.1% | -4.0% | 3.5% | |
| Apr-1985 | 3.4% | 2.8% | -4.0% | 3.5% | |
| May-1985 | 3.4% | 3.1% | -4.0% | 3.5% | |
| Jun-1985 | 3.5% | 3.1% | -4.0% | 3.5% | |
| Jul-1985 | 3.4% | 2.6% | -4.0% | 3.5% | |
| Aug-1985 | 3.3% | 2.9% | -4.0% | 3.5% | |
| Sep-1985 | 3.3% | 2.8% | -4.0% | 3.5% | |
| Oct-1985 | 3.1% | 2.8% | -4.0% | 3.5% | |
| Nov-1985 | 3.5% | 2.9% | -4.0% | 3.5% | |
| Dec-1985 | 3.6% | 3.0% | -4.0% | 3.5% | |
| Jan-1986 | 3.9% | 2.8% | -4.0% | 3.5% | |
| Feb-1986 | 3.1% | 2.8% | -4.0% | 3.5% | |
| Mar-1986 | 2.0% | 2.5% | -4.0% | 3.5% | |
| Apr-1986 | 1.5% | 2.3% | -4.0% | 3.5% | |
| May-1986 | 1.6% | 2.3% | -4.0% | 3.5% | |
| Jun-1986 | 1.6% | 1.9% | -4.0% | 3.5% | |
| Jul-1986 | 1.5% | 2.1% | -4.0% | 3.5% | |
| Aug-1986 | 1.4% | 1.9% | -4.0% | 3.5% | |
| Sep-1986 | 1.6% | 1.6% | -4.0% | 3.5% | |
| Oct-1986 | 1.5% | 1.9% | -4.0% | 3.5% | |
| Nov-1986 | 1.1% | 2.0% | -4.0% | 3.5% | |
| Dec-1986 | 1.0% | 1.6% | -4.0% | 3.5% | |
| Jan-1987 | 1.1% | 1.9% | -4.0% | 3.5% | |
| Feb-1987 | 1.8% | 1.9% | -4.0% | 3.5% | |
| Mar-1987 | 2.7% | 2.0% | -4.0% | 3.5% | |
| Apr-1987 | 3.6% | 2.1% | -4.0% | 3.5% | |
| May-1987 | 3.4% | 2.4% | -4.0% | 3.5% | |
| Jun-1987 | 3.5% | 2.2% | -4.0% | 3.5% | |
| Jul-1987 | 3.6% | 2.2% | -4.0% | 3.5% | |
| Aug-1987 | 4.1% | 2.7% | -4.0% | 3.5% | |
| Sep-1987 | 3.9% | 2.8% | -4.0% | 3.5% | |
| Oct-1987 | 4.0% | 2.9% | -4.0% | 3.5% | |
| Nov-1987 | 4.2% | 3.0% | -4.0% | 3.5% | |
| Dec-1987 | 4.0% | 3.0% | -4.0% | 3.5% | |
| Jan-1988 | 3.8% | 3.0% | -4.0% | 3.5% | |
| Feb-1988 | 3.5% | 2.7% | -4.0% | 3.5% | |
| Mar-1988 | 3.4% | 2.6% | -4.0% | 3.5% | |
| Apr-1988 | 3.6% | 3.1% | -4.0% | 3.5% | |
| May-1988 | 3.6% | 3.3% | -4.0% | 3.5% | |
| Jun-1988 | 3.6% | 3.4% | -4.0% | 3.5% | |
| Jul-1988 | 3.7% | 3.6% | -4.0% | 3.5% | |
| Aug-1988 | 3.7% | 3.1% | -4.0% | 3.5% | |
| Sep-1988 | 3.8% | 3.5% | -4.0% | 3.5% | |
| Oct-1988 | 3.8% | 3.7% | -4.0% | 3.5% | |
| Nov-1988 | 3.8% | 3.3% | -4.0% | 3.5% | |
| Dec-1988 | 3.9% | 3.4% | -4.0% | 3.5% | |
| Jan-1989 | 3.9% | 3.9% | -4.0% | 3.5% | |
| Feb-1989 | 4.1% | 4.2% | -4.0% | 3.5% | |
| Mar-1989 | 4.3% | 4.2% | -4.0% | 3.5% | |
| Apr-1989 | 4.5% | 4.2% | -4.0% | 3.5% | |
| May-1989 | 4.7% | 3.4% | -4.0% | 3.5% | |
| Jun-1989 | 4.6% | 3.7% | -4.0% | 3.5% | |
| Jul-1989 | 4.6% | 3.9% | -4.0% | 3.5% | |
| Aug-1989 | 4.1% | 3.9% | -4.0% | 3.5% | |
| Sep-1989 | 4.0% | 3.8% | -4.0% | 3.5% | |
| Oct-1989 | 4.1% | 3.9% | -4.0% | 3.5% | |
| Nov-1989 | 4.1% | 3.7% | -4.0% | 3.5% | |
| Dec-1989 | 4.2% | 4.0% | -4.0% | 3.5% | |
| Jan-1990 | 4.7% | 3.8% | -4.0% | 3.5% | |
| Feb-1990 | 4.9% | 4.0% | -4.0% | 3.5% | |
| Mar-1990 | 4.8% | 4.2% | -4.0% | 3.5% | |
| Apr-1990 | 4.3% | 3.8% | -4.0% | 3.5% | |
| May-1990 | 3.9% | 4.4% | -4.0% | 3.5% | |
| Jun-1990 | 4.3% | 4.4% | -4.0% | 3.5% | |
| Jul-1990 | 4.4% | 4.1% | -4.0% | 3.5% | |
| Aug-1990 | 5.3% | 4.2% | -4.0% | 3.5% | |
| Sep-1990 | 5.6% | 4.2% | -4.0% | 3.5% | |
| Oct-1990 | 6.0% | 3.7% | -4.0% | 3.5% | |
| Nov-1990 | 5.7% | 3.9% | -4.0% | 3.5% | |
| Dec-1990 | 5.8% | 3.7% | -4.0% | 3.5% | |
| Jan-1991 | 5.2% | 3.6% | -4.0% | 3.5% | |
| Feb-1991 | 4.8% | 3.2% | -4.0% | 3.5% | |
| Mar-1991 | 4.2% | 3.0% | -4.0% | 3.5% | |
| Apr-1991 | 4.2% | 3.4% | -4.0% | 3.5% | |
| May-1991 | 4.5% | 3.2% | -4.0% | 3.5% | |
| Jun-1991 | 4.1% | 3.0% | -4.0% | 3.5% | |
| Jul-1991 | 3.7% | 3.1% | -4.0% | 3.5% | |
| Aug-1991 | 3.2% | 3.1% | -4.0% | 3.5% | |
| Sep-1991 | 2.7% | 2.9% | -4.0% | 3.5% | |
| Oct-1991 | 2.2% | 2.8% | -4.0% | 3.5% | |
| Nov-1991 | 2.4% | 2.8% | -4.0% | 3.5% | |
| Dec-1991 | 2.3% | 2.8% | -4.0% | 3.5% | |
| Jan-1992 | 2.1% | 2.6% | -4.0% | 3.5% | |
| Feb-1992 | 2.3% | 2.7% | -4.0% | 3.5% | |
| Mar-1992 | 2.7% | 2.8% | -4.0% | 3.5% | |
| Apr-1992 | 2.7% | 2.5% | -4.0% | 3.5% | |
| May-1992 | 2.5% | 2.4% | -4.0% | 3.5% | |
| Jun-1992 | 2.5% | 2.5% | -4.0% | 3.5% | |
| Jul-1992 | 2.6% | 2.4% | -4.0% | 3.5% | |
| Aug-1992 | 2.6% | 2.5% | -4.0% | 3.5% | |
| Sep-1992 | 2.5% | 2.3% | -4.0% | 3.5% | |
| Oct-1992 | 2.8% | 2.5% | -4.0% | 3.5% | |
| Nov-1992 | 2.7% | 2.5% | -4.0% | 3.5% | |
| Dec-1992 | 2.5% | 2.3% | -4.0% | 3.5% | |
| Jan-1993 | 2.6% | 2.6% | -4.0% | 3.5% | |
| Feb-1993 | 2.7% | 2.5% | -4.0% | 3.5% | |
| Mar-1993 | 2.5% | 2.7% | -4.0% | 3.5% | |
| Apr-1993 | 2.6% | 2.5% | -4.0% | 3.5% | |
| May-1993 | 2.7% | 2.6% | -4.0% | 3.5% | |
| Jun-1993 | 2.6% | 2.4% | -4.0% | 3.5% | |
| Jul-1993 | 2.5% | 2.4% | -4.0% | 3.5% | |
| Aug-1993 | 2.5% | 2.4% | -4.0% | 3.5% | |
| Sep-1993 | 2.3% | 2.6% | -4.0% | 3.5% | |
| Oct-1993 | 2.3% | 2.6% | -4.0% | 3.5% | |
| Nov-1993 | 2.3% | 2.6% | -4.0% | 3.5% | |
| Dec-1993 | 2.3% | 2.7% | -4.0% | 3.5% | |
| Jan-1994 | 2.0% | 2.6% | -4.0% | 3.5% | |
| Feb-1994 | 2.0% | 2.8% | -4.0% | 3.5% | |
| Mar-1994 | 2.2% | 2.4% | -4.0% | 3.5% | |
| Apr-1994 | 1.9% | 2.5% | -4.0% | 3.5% | |
| May-1994 | 1.8% | 2.5% | -4.0% | 3.5% | |
| Jun-1994 | 2.0% | 2.5% | -4.0% | 3.5% | |
| Jul-1994 | 2.2% | 2.6% | -4.0% | 3.5% | |
| Aug-1994 | 2.3% | 2.5% | -4.0% | 3.5% | |
| Sep-1994 | 2.4% | 2.6% | -4.0% | 3.5% | |
| Oct-1994 | 2.1% | 2.6% | -4.0% | 3.5% | |
| Nov-1994 | 2.0% | 2.7% | -4.0% | 3.5% | |
| Dec-1994 | 2.1% | 2.6% | -4.0% | 3.5% | |
| Jan-1995 | 2.5% | 2.5% | -4.0% | 3.5% | |
| Feb-1995 | 2.4% | 2.4% | -4.0% | 3.5% | |
| Mar-1995 | 2.3% | 2.7% | -4.0% | 3.5% | |
| Apr-1995 | 2.7% | 2.6% | -4.0% | 3.5% | |
| May-1995 | 2.6% | 2.7% | -4.0% | 3.5% | |
| Jun-1995 | 2.6% | 2.8% | -4.0% | 3.5% | |
| Jul-1995 | 2.5% | 2.9% | -4.0% | 3.5% | |
| Aug-1995 | 2.3% | 2.9% | -4.0% | 3.5% | |
| Sep-1995 | 2.3% | 3.0% | -4.0% | 3.5% | |
| Oct-1995 | 2.4% | 2.9% | -4.0% | 3.5% | |
| Nov-1995 | 2.3% | 2.9% | -4.0% | 3.5% | |
| Dec-1995 | 2.2% | 3.0% | -4.0% | 3.5% | |
| Jan-1996 | 2.4% | 3.3% | -4.0% | 3.5% | |
| Feb-1996 | 2.5% | 3.0% | -4.0% | 3.5% | |
| Mar-1996 | 2.6% | 2.9% | -4.0% | 3.5% | |
| Apr-1996 | 2.6% | 3.5% | -4.0% | 3.5% | |
| May-1996 | 2.6% | 3.2% | -4.0% | 3.5% | |
| Jun-1996 | 2.6% | 3.4% | -4.0% | 3.5% | |
| Jul-1996 | 2.6% | 3.3% | -4.0% | 3.5% | |
| Aug-1996 | 2.5% | 3.4% | -4.0% | 3.5% | |
| Sep-1996 | 2.7% | 3.5% | -4.0% | 3.5% | |
| Oct-1996 | 2.8% | 3.5% | -4.0% | 3.5% | |
| Nov-1996 | 3.0% | 3.7% | -4.0% | 3.5% | |
| Dec-1996 | 3.1% | 3.7% | -4.0% | 3.5% | |
| Jan-1997 | 2.9% | 3.5% | -4.0% | 3.5% | |
| Feb-1997 | 2.8% | 3.8% | -4.0% | 3.5% | |
| Mar-1997 | 2.5% | 4.0% | -4.0% | 3.5% | |
| Apr-1997 | 2.2% | 3.6% | -4.0% | 3.5% | |
| May-1997 | 2.0% | 3.8% | -4.0% | 3.5% | |
| Jun-1997 | 2.1% | 3.6% | -4.0% | 3.5% | |
| Jul-1997 | 1.9% | 3.6% | -4.0% | 3.5% | |
| Aug-1997 | 2.1% | 4.0% | -4.0% | 3.5% | |
| Sep-1997 | 2.1% | 3.8% | -4.0% | 3.5% | |
| Oct-1997 | 1.9% | 4.2% | -4.0% | 3.5% | |
| Nov-1997 | 1.8% | 4.2% | -4.0% | 3.5% | |
| Dec-1997 | 1.5% | 4.1% | -4.0% | 3.5% | |
| Jan-1998 | 1.5% | 4.1% | -4.0% | 3.5% | |
| Feb-1998 | 1.3% | 4.2% | -4.0% | 3.5% | |
| Mar-1998 | 1.3% | 4.1% | -4.0% | 3.5% | |
| Apr-1998 | 1.4% | 4.3% | -4.0% | 3.5% | |
| May-1998 | 1.5% | 4.3% | -4.0% | 3.5% | |
| Jun-1998 | 1.4% | 4.3% | -4.0% | 3.5% | |
| Jul-1998 | 1.5% | 4.1% | -4.0% | 3.5% | |
| Aug-1998 | 1.5% | 4.1% | -4.0% | 3.5% | |
| Sep-1998 | 1.2% | 4.0% | -4.0% | 3.5% | |
| Oct-1998 | 1.3% | 3.8% | -4.0% | 3.5% | |
| Nov-1998 | 1.3% | 3.5% | -4.0% | 3.5% | |
| Dec-1998 | 1.4% | 3.7% | -4.0% | 3.5% | |
| Jan-1999 | 1.5% | 3.8% | -4.0% | 3.5% | |
| Feb-1999 | 1.5% | 3.6% | -4.0% | 3.5% | |
| Mar-1999 | 1.6% | 3.5% | -4.0% | 3.5% | |
| Apr-1999 | 2.1% | 3.6% | -4.0% | 3.5% | |
| May-1999 | 2.0% | 3.5% | -4.0% | 3.5% | |
| Jun-1999 | 1.9% | 3.7% | -4.0% | 3.5% | |
| Jul-1999 | 2.1% | 3.9% | -4.0% | 3.5% | |
| Aug-1999 | 2.2% | 3.5% | -4.0% | 3.5% | |
| Sep-1999 | 2.6% | 3.8% | -4.0% | 3.5% | |
| Oct-1999 | 2.6% | 3.7% | -4.0% | 3.5% | |
| Nov-1999 | 2.6% | 3.7% | -4.0% | 3.5% | |
| Dec-1999 | 2.7% | 3.6% | -4.0% | 3.5% | |
| Jan-2000 | 2.8% | 3.6% | -4.0% | 3.5% | |
| Feb-2000 | 3.2% | 3.8% | -4.0% | 3.5% | |
| Mar-2000 | 3.7% | 3.8% | -4.0% | 3.5% | |
| Apr-2000 | 3.0% | 3.9% | -4.0% | 3.5% | |
| May-2000 | 3.1% | 3.8% | -4.0% | 3.5% | |
| Jun-2000 | 3.7% | 3.8% | -4.0% | 3.5% | |
| Jul-2000 | 3.5% | 3.8% | -4.0% | 3.5% | |
| Aug-2000 | 3.3% | 3.9% | -4.0% | 3.5% | |
| Sep-2000 | 3.4% | 3.8% | -4.0% | 3.5% | |
| Oct-2000 | 3.4% | 4.0% | -4.0% | 3.5% | |
| Nov-2000 | 3.4% | 4.2% | -4.0% | 3.5% | |
| Dec-2000 | 3.4% | 4.3% | -4.0% | 3.5% | |
| Jan-2001 | 3.7% | 3.9% | -4.0% | 3.5% | |
| Feb-2001 | 3.5% | 4.1% | -4.0% | 3.5% | |
| Mar-2001 | 3.0% | 4.2% | -4.0% | 3.5% | |
| Apr-2001 | 3.2% | 4.0% | -4.0% | 3.5% | |
| May-2001 | 3.6% | 4.0% | -4.0% | 3.5% | |
| Jun-2001 | 3.2% | 4.1% | -4.0% | 3.5% | |
| Jul-2001 | 2.7% | 3.7% | -4.0% | 3.5% | |
| Aug-2001 | 2.7% | 3.8% | -4.0% | 3.5% | |
| Sep-2001 | 2.6% | 3.6% | -4.0% | 3.5% | |
| Oct-2001 | 2.1% | 3.4% | -4.0% | 3.5% | |
| Nov-2001 | 1.8% | 3.4% | -4.0% | 3.5% | |
| Dec-2001 | 1.6% | 3.2% | -4.0% | 3.5% | |
| Jan-2002 | 1.2% | 3.3% | -4.0% | 3.5% | |
| Feb-2002 | 1.1% | 2.9% | -4.0% | 3.5% | |
| Mar-2002 | 1.3% | 2.8% | -4.0% | 3.5% | |
| Apr-2002 | 1.6% | 2.7% | -4.0% | 3.5% | |
| May-2002 | 1.2% | 2.6% | -4.0% | 3.5% | |
| Jun-2002 | 1.1% | 2.7% | -4.0% | 3.5% | |
| Jul-2002 | 1.5% | 3.0% | -4.0% | 3.5% | |
| Aug-2002 | 1.7% | 2.9% | -4.0% | 3.5% | |
| Sep-2002 | 1.5% | 2.9% | -4.0% | 3.5% | |
| Oct-2002 | 2.1% | 3.1% | -4.0% | 3.5% | |
| Nov-2002 | 2.3% | 2.9% | -4.0% | 3.5% | |
| Dec-2002 | 2.5% | 3.1% | -4.0% | 3.5% | |
| Jan-2003 | 2.7% | 3.1% | -4.0% | 3.5% | |
| Feb-2003 | 3.2% | 3.5% | -4.0% | 3.5% | |
| Mar-2003 | 3.1% | 3.2% | -4.0% | 3.5% | |
| Apr-2003 | 2.2% | 2.9% | -4.0% | 3.5% | |
| May-2003 | 1.9% | 3.0% | -4.0% | 3.5% | |
| Jun-2003 | 2.0% | 2.8% | -4.0% | 3.5% | |
| Jul-2003 | 2.1% | 2.8% | -4.0% | 3.5% | |
| Aug-2003 | 2.2% | 2.7% | -4.0% | 3.5% | |
| Sep-2003 | 2.4% | 2.3% | -4.0% | 3.5% | |
| Oct-2003 | 2.0% | 2.1% | -4.0% | 3.5% | |
| Nov-2003 | 1.9% | 2.1% | -4.0% | 3.5% | |
| Dec-2003 | 2.0% | 1.7% | -4.0% | 3.5% | |
| Jan-2004 | 2.0% | 1.8% | -4.0% | 3.5% | |
| Feb-2004 | 1.7% | 1.6% | -4.0% | 3.5% | |
| Mar-2004 | 1.7% | 1.8% | -4.0% | 3.5% | |
| Apr-2004 | 2.3% | 2.1% | -4.0% | 3.5% | |
| May-2004 | 2.9% | 2.0% | -4.0% | 3.5% | |
| Jun-2004 | 3.1% | 2.0% | -4.0% | 3.5% | |
| Jul-2004 | 2.9% | 1.9% | -4.0% | 3.5% | |
| Aug-2004 | 2.5% | 2.1% | -4.0% | 3.5% | |
| Sep-2004 | 2.5% | 2.3% | -4.0% | 3.5% | |
| Oct-2004 | 3.2% | 2.5% | -4.0% | 3.5% | |
| Nov-2004 | 3.6% | 2.4% | -4.0% | 3.5% | |
| Dec-2004 | 3.4% | 2.6% | -4.0% | 3.5% | |
| Jan-2005 | 2.8% | 2.6% | -4.0% | 3.5% | |
| Feb-2005 | 3.0% | 2.5% | -4.0% | 3.5% | |
| Mar-2005 | 3.2% | 2.6% | -4.0% | 3.5% | |
| Apr-2005 | 3.3% | 2.7% | -4.0% | 3.5% | |
| May-2005 | 2.9% | 2.6% | -4.0% | 3.5% | |
| Jun-2005 | 2.6% | 2.6% | -4.0% | 3.5% | |
| Jul-2005 | 3.0% | 2.9% | -4.0% | 3.5% | |
| Aug-2005 | 3.6% | 2.7% | -4.0% | 3.5% | |
| Sep-2005 | 4.8% | 2.6% | -4.0% | 3.5% | |
| Oct-2005 | 4.3% | 3.0% | -4.0% | 3.5% | |
| Nov-2005 | 3.3% | 3.0% | -4.0% | 3.5% | |
| Dec-2005 | 3.3% | 3.1% | -4.0% | 3.5% | |
| Jan-2006 | 4.0% | 3.2% | -4.0% | 3.5% | |
| Feb-2006 | 3.7% | 3.5% | -4.0% | 3.5% | |
| Mar-2006 | 3.5% | 3.6% | -4.0% | 3.5% | |
| Apr-2006 | 3.6% | 3.9% | -4.0% | 3.5% | |
| May-2006 | 3.9% | 3.8% | -4.0% | 3.5% | |
| Jun-2006 | 4.2% | 4.0% | -4.0% | 3.5% | |
| Jul-2006 | 4.1% | 3.9% | -4.0% | 3.5% | |
| Aug-2006 | 4.0% | 4.1% | -4.0% | 3.5% | |
| Sep-2006 | 2.0% | 4.2% | -4.0% | 3.5% | |
| Oct-2006 | 1.4% | 4.0% | -4.0% | 3.5% | |
| Nov-2006 | 2.0% | 4.1% | -4.0% | 3.5% | |
| Dec-2006 | 2.6% | 4.2% | -4.0% | 3.5% | |
| Jan-2007 | 2.1% | 4.1% | -4.0% | 3.5% | |
| Feb-2007 | 2.4% | 4.1% | -4.0% | 3.5% | |
| Mar-2007 | 2.8% | 4.1% | 3.6% | -4.0% | 3.5% |
| Apr-2007 | 2.6% | 3.8% | 3.3% | -4.0% | 3.5% |
| May-2007 | 2.7% | 4.1% | 3.7% | -4.0% | 3.5% |
| Jun-2007 | 2.7% | 4.1% | 3.9% | -4.0% | 3.5% |
| Jul-2007 | 2.3% | 4.1% | 3.4% | -4.0% | 3.5% |
| Aug-2007 | 1.9% | 4.0% | 3.5% | -4.0% | 3.5% |
| Sep-2007 | 2.8% | 4.1% | 3.2% | -4.0% | 3.5% |
| Oct-2007 | 3.6% | 3.8% | 3.3% | -4.0% | 3.5% |
| Nov-2007 | 4.4% | 3.9% | 3.3% | -4.0% | 3.5% |
| Dec-2007 | 4.1% | 3.8% | 3.1% | -4.0% | 3.5% |
| Jan-2008 | 4.3% | 3.9% | 3.1% | -4.0% | 3.5% |
| Feb-2008 | 4.2% | 3.7% | 3.0% | -4.0% | 3.5% |
| Mar-2008 | 4.0% | 3.8% | 3.0% | -4.0% | 3.5% |
| Apr-2008 | 3.9% | 3.7% | 2.8% | -4.0% | 3.5% |
| May-2008 | 4.1% | 3.7% | 3.0% | -4.0% | 3.5% |
| Jun-2008 | 4.9% | 3.6% | 2.7% | -4.0% | 3.5% |
| Jul-2008 | 5.5% | 3.7% | 3.0% | -4.0% | 3.5% |
| Aug-2008 | 5.3% | 3.8% | 3.3% | -4.0% | 3.5% |
| Sep-2008 | 4.9% | 3.6% | 3.3% | -4.0% | 3.5% |
| Oct-2008 | 3.7% | 3.9% | 3.3% | -4.0% | 3.5% |
| Nov-2008 | 1.1% | 3.9% | 3.6% | -4.0% | 3.5% |
| Dec-2008 | 0.0% | 3.8% | 3.6% | -4.0% | 3.5% |
| Jan-2009 | -0.1% | 3.7% | 3.5% | -4.0% | 3.5% |
| Feb-2009 | 0.1% | 3.7% | 3.5% | -4.0% | 3.5% |
| Mar-2009 | -0.4% | 3.5% | 3.2% | -4.0% | 3.5% |
| Apr-2009 | -0.6% | 3.3% | 3.2% | -4.0% | 3.5% |
| May-2009 | -1.0% | 3.1% | 2.8% | -4.0% | 3.5% |
| Jun-2009 | -1.2% | 2.9% | 2.7% | -4.0% | 3.5% |
| Jul-2009 | -2.0% | 2.7% | 2.6% | -4.0% | 3.5% |
| Aug-2009 | -1.5% | 2.6% | 2.4% | -4.0% | 3.5% |
| Sep-2009 | -1.4% | 2.7% | 2.3% | -4.0% | 3.5% |
| Oct-2009 | -0.2% | 2.6% | 2.3% | -4.0% | 3.5% |
| Nov-2009 | 1.9% | 2.7% | 2.1% | -4.0% | 3.5% |
| Dec-2009 | 2.8% | 2.5% | 1.8% | -4.0% | 3.5% |
| Jan-2010 | 2.6% | 2.6% | 2.0% | -4.0% | 3.5% |
| Feb-2010 | 2.1% | 2.5% | 1.8% | -4.0% | 3.5% |
| Mar-2010 | 2.3% | 2.3% | 1.8% | -4.0% | 3.5% |
| Apr-2010 | 2.2% | 2.4% | 1.8% | -4.0% | 3.5% |
| May-2010 | 2.0% | 2.6% | 1.9% | -4.0% | 3.5% |
| Jun-2010 | 1.2% | 2.5% | 1.8% | -4.0% | 3.5% |
| Jul-2010 | 1.4% | 2.5% | 1.8% | -4.0% | 3.5% |
| Aug-2010 | 1.2% | 2.4% | 1.7% | -4.0% | 3.5% |
| Sep-2010 | 1.2% | 2.2% | 1.9% | -4.0% | 3.5% |
| Oct-2010 | 1.2% | 2.5% | 1.9% | -4.0% | 3.5% |
| Nov-2010 | 1.1% | 2.2% | 1.7% | -4.0% | 3.5% |
| Dec-2010 | 1.4% | 2.0% | 1.7% | -4.0% | 3.5% |
| Jan-2011 | 1.7% | 2.2% | 2.0% | -4.0% | 3.5% |
| Feb-2011 | 2.1% | 2.1% | 1.8% | -4.0% | 3.5% |
| Mar-2011 | 2.6% | 2.1% | 1.8% | -4.0% | 3.5% |
| Apr-2011 | 3.1% | 2.1% | 1.9% | -4.0% | 3.5% |
| May-2011 | 3.4% | 2.1% | 2.0% | -4.0% | 3.5% |
| Jun-2011 | 3.6% | 2.0% | 2.1% | -4.0% | 3.5% |
| Jul-2011 | 3.7% | 2.3% | 2.3% | -4.0% | 3.5% |
| Aug-2011 | 3.7% | 2.0% | 1.9% | -4.0% | 3.5% |
| Sep-2011 | 3.9% | 2.0% | 1.9% | -4.0% | 3.5% |
| Oct-2011 | 3.5% | 1.7% | 2.1% | -4.0% | 3.5% |
| Nov-2011 | 3.5% | 1.8% | 2.0% | -4.0% | 3.5% |
| Dec-2011 | 3.0% | 1.8% | 2.0% | -4.0% | 3.5% |
| Jan-2012 | 3.0% | 1.4% | 1.7% | -4.0% | 3.5% |
| Feb-2012 | 2.8% | 1.5% | 1.9% | -4.0% | 3.5% |
| Mar-2012 | 2.6% | 1.7% | 2.1% | -4.0% | 3.5% |
| Apr-2012 | 2.2% | 1.8% | 2.0% | -4.0% | 3.5% |
| May-2012 | 1.7% | 1.4% | 1.8% | -4.0% | 3.5% |
| Jun-2012 | 1.7% | 1.5% | 2.0% | -4.0% | 3.5% |
| Jul-2012 | 1.4% | 1.4% | 1.8% | -4.0% | 3.5% |
| Aug-2012 | 1.7% | 1.3% | 1.9% | -4.0% | 3.5% |
| Sep-2012 | 2.0% | 1.4% | 2.0% | -4.0% | 3.5% |
| Oct-2012 | 2.2% | 1.3% | 1.5% | -4.0% | 3.5% |
| Nov-2012 | 1.8% | 1.4% | 1.9% | -4.0% | 3.5% |
| Dec-2012 | 1.8% | 1.6% | 2.1% | -4.0% | 3.5% |
| Jan-2013 | 1.6% | 1.9% | 2.2% | -4.0% | 3.5% |
| Feb-2013 | 1.9% | 2.0% | 2.1% | -4.0% | 3.5% |
| Mar-2013 | 1.4% | 1.9% | 1.9% | -4.0% | 3.5% |
| Apr-2013 | 1.2% | 1.7% | 2.0% | -4.0% | 3.5% |
| May-2013 | 1.5% | 1.9% | 2.1% | -4.0% | 3.5% |
| Jun-2013 | 1.7% | 2.0% | 2.2% | -4.0% | 3.5% |
| Jul-2013 | 2.0% | 2.0% | 1.9% | -4.0% | 3.5% |
| Aug-2013 | 1.5% | 2.1% | 2.2% | -4.0% | 3.5% |
| Sep-2013 | 1.1% | 2.2% | 2.0% | -4.0% | 3.5% |
| Oct-2013 | 0.9% | 2.3% | 2.2% | -4.0% | 3.5% |
| Nov-2013 | 1.3% | 2.3% | 2.2% | -4.0% | 3.5% |
| Dec-2013 | 1.5% | 2.3% | 1.9% | -4.0% | 3.5% |
| Jan-2014 | 1.6% | 2.2% | 2.0% | -4.0% | 3.5% |
| Feb-2014 | 1.1% | 2.5% | 2.1% | -4.0% | 3.5% |
| Mar-2014 | 1.5% | 2.3% | 2.1% | -4.0% | 3.5% |
| Apr-2014 | 2.0% | 2.3% | 2.0% | -4.0% | 3.5% |
| May-2014 | 2.1% | 2.4% | 2.1% | -4.0% | 3.5% |
| Jun-2014 | 2.1% | 2.3% | 2.0% | -4.0% | 3.5% |
| Jul-2014 | 2.0% | 2.3% | 2.0% | -4.0% | 3.5% |
| Aug-2014 | 1.7% | 2.5% | 2.1% | -4.0% | 3.5% |
| Sep-2014 | 1.7% | 2.3% | 2.0% | -4.0% | 3.5% |
Source: Author's analysis of Bureau of Labor Statistics' Current Establishment Survey and Consumer Price Index
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