Mind the wage gap: Cumulative nominal average hourly earnings, actual and hypothetical if they had grown at 3.5% since the recession began, 2007-2018

Date Average hourly earnings of all private employees Hypothetical, assuming 3.5% growth* Gap
Jan-2007 $20.60
Feb-2007 $20.68
Mar-2007 $20.73
Apr-2007 $20.78
May-2007 $20.84
Jun-2007 $20.96
Jul-2007 $20.96
Aug-2007 $21.00
Sep-2007 $21.04
Oct-2007 $21.06
Nov-2007 $21.13
Dec-2007 $21.18 $21.18 $0.00
Jan-2008 $21.20 $21.24 $0.04
Feb-2008 $21.27 $21.30 $0.03
Mar-2008 $21.36 $21.36 $0.00
Apr-2008 $21.38 $21.42 $0.04
May-2008 $21.48 $21.49 $0.01
Jun-2008 $21.52 $21.55 $0.03
Jul-2008 $21.60 $21.61 $0.01
Aug-2008 $21.70 $21.67 ($0.03)
Sep-2008 $21.73 $21.73 $0.00
Oct-2008 $21.76 $21.80 $0.04
Nov-2008 $21.87 $21.86 ($0.01)
Dec-2008 $21.94 $21.92 ($0.02)
Jan-2009 $21.96 $21.98 $0.02
Feb-2009 $22.00 $22.05 $0.05
Mar-2009 $22.06 $22.11 $0.05
Apr-2009 $22.10 $22.17 $0.07
May-2009 $22.11 $22.24 $0.13
Jun-2009 $22.14 $22.30 $0.16
Jul-2009 $22.18 $22.37 $0.19
Aug-2009 $22.23 $22.43 $0.20
Sep-2009 $22.26 $22.49 $0.23
Oct-2009 $22.31 $22.56 $0.25
Nov-2009 $22.34 $22.62 $0.28
Dec-2009 $22.37 $22.69 $0.32
Jan-2010 $22.42 $22.75 $0.33
Feb-2010 $22.46 $22.82 $0.36
Mar-2010 $22.46 $22.88 $0.42
Apr-2010 $22.50 $22.95 $0.45
May-2010 $22.53 $23.02 $0.49
Jun-2010 $22.53 $23.08 $0.55
Jul-2010 $22.59 $23.15 $0.56
Aug-2010 $22.62 $23.21 $0.59
Sep-2010 $22.67 $23.28 $0.61
Oct-2010 $22.74 $23.35 $0.61
Nov-2010 $22.74 $23.42 $0.68
Dec-2010 $22.77 $23.48 $0.71
Jan-2011 $22.86 $23.55 $0.69
Feb-2011 $22.87 $23.62 $0.75
Mar-2011 $22.87 $23.69 $0.82
Apr-2011 $22.92 $23.75 $0.83
May-2011 $22.99 $23.82 $0.83
Jun-2011 $23.01 $23.89 $0.88
Jul-2011 $23.11 $23.96 $0.85
Aug-2011 $23.06 $24.03 $0.97
Sep-2011 $23.11 $24.10 $0.99
Oct-2011 $23.21 $24.17 $0.96
Nov-2011 $23.19 $24.23 $1.04
Dec-2011 $23.23 $24.30 $1.07
Jan-2012 $23.26 $24.37 $1.11
Feb-2012 $23.28 $24.44 $1.16
Mar-2012 $23.36 $24.51 $1.15
Apr-2012 $23.40 $24.58 $1.18
May-2012 $23.39 $24.66 $1.27
Jun-2012 $23.46 $24.73 $1.27
Jul-2012 $23.50 $24.80 $1.30
Aug-2012 $23.49 $24.87 $1.38
Sep-2012 $23.57 $24.94 $1.37
Oct-2012 $23.56 $25.01 $1.45
Nov-2012 $23.64 $25.08 $1.44
Dec-2012 $23.72 $25.16 $1.44
Jan-2013 $23.75 $25.23 $1.48
Feb-2013 $23.79 $25.30 $1.51
Mar-2013 $23.81 $25.37 $1.56
Apr-2013 $23.87 $25.45 $1.58
May-2013 $23.89 $25.52 $1.63
Jun-2013 $23.96 $25.59 $1.63
Jul-2013 $23.99 $25.67 $1.68
Aug-2013 $24.02 $25.74 $1.72
Sep-2013 $24.05 $25.81 $1.76
Oct-2013 $24.09 $25.89 $1.80
Nov-2013 $24.16 $25.96 $1.80
Dec-2013 $24.17 $26.04 $1.87
Jan-2014 $24.22 $26.11 $1.89
Feb-2014 $24.32 $26.19 $1.87
Mar-2014 $24.30 $26.26 $1.96
Apr-2014 $24.34 $26.34 $2.00
May-2014 $24.40 $26.41 $2.01
Jun-2014 $24.45 $26.49 $2.04
Jul-2014 $24.49 $26.56 $2.07
Aug-2014 $24.55 $26.64 $2.09
Sep-2014 $24.57 $26.72 $2.15
Oct-2014 $24.58 $26.79 $2.21
Nov-2014 $24.65 $26.87 $2.22
Dec-2014 $24.65 $26.95 $2.30
Jan-2015 $24.75 $27.02 $2.27
Feb-2015 $24.79 $27.10 $2.31
Mar-2015 $24.84 $27.18 $2.34
Apr-2015 $24.88 $27.26 $2.38
May-2015 $24.97 $27.34 $2.37
Jun-2015 $24.98 $27.41 $2.43
Jul-2015 $25.01 $27.49 $2.48
Aug-2015 $25.10 $27.57 $2.47
Sep-2015 $25.12 $27.65 $2.53
Oct-2015 $25.20 $27.73 $2.53
Nov-2015 $25.25 $27.81 $2.56
Dec-2015 $25.28 $27.89 $2.61
Jan-2016 $25.38 $27.97 $2.59
Feb-2016 $25.38 $28.05 $2.67
Mar-2016 $25.46 $28.13 $2.67
Apr-2016 $25.53 $28.21 $2.68
May-2016 $25.58 $28.29 $2.71
Jun-2016 $25.62 $28.37 $2.75
Jul-2016 $25.70 $28.46 $2.76
Aug-2016 $25.72 $28.54 $2.82
Sep-2016 $25.78 $28.62 $2.84
Oct-2016 $25.88 $28.70 $2.82
Nov-2016 $25.90 $28.78 $2.88
Dec-2016 $25.95 $28.87 $2.92
Jan-2017 $25.99 $28.95 $2.96
Feb-2017 $26.07 $29.03 $2.96
Mar-2017 $26.11 $29.12 $3.01
Apr-2017 $26.17 $29.20 $3.03
May-2017 $26.21 $29.28 $3.07
Jun-2017 $26.26 $29.37 $3.11
Jul-2017 $26.34 $29.45 $3.11
Aug-2017 $26.39 $29.54 $3.15
Sep-2017 $26.51 $29.62 $3.11
Oct-2017 $26.47 $29.71 $3.24
Nov-2017 $26.54 $29.79 $3.25
Dec-2017 $26.64 $29.88 $3.24
Jan-2018 $26.71 $29.96 $3.25
Feb-2018 $26.74 $30.05 $3.31
Mar-2018 $26.80 $30.13 $3.33
Apr-2018 $26.86 $30.22 $3.36
May-2018 $26.94 $30.31 $3.37
Jun-2018 $26.99 $30.39 $3.40
Jul-2018 $27.06 $30.48 $3.42
Aug-2018 $27.16  $30.57  $3.41

Nominal wage growth consistent with the Federal Reserve Board's 2 percent inflation target, 1.5 percent productivity growth, and a stable labor share of income.

Source: EPI analysis of Bureau of Labor Statistics Current Employment Statistics public data series

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