Mind the wage gap: Cumulative nominal average hourly earnings, actual and hypothetical if they had grown at 3.5% since the recession began, 2007–2024

Date Average hourly earnings of all private employees Hypothetical, assuming 3.5% growth* Gap
Jan-2007 $20.59
Feb-2007 $20.68
Mar-2007 $20.73
Apr-2007 $20.78
May-2007 $20.84
Jun-2007 $20.95
Jul-2007 $20.95
Aug-2007 $21.00
Sep-2007 $21.04
Oct-2007 $21.06
Nov-2007 $21.12
Dec-2007 $21.17 $21.17 $0.00
Jan-2008 $21.20 $21.23 $0.03
Feb-2008 $21.26 $21.29 $0.03
Mar-2008 $21.36 $21.35 -$0.01
Apr-2008 $21.38 $21.41 $0.03
May-2008 $21.47 $21.48 $0.01
Jun-2008 $21.51 $21.54 $0.03
Jul-2008 $21.60 $21.60 $0.00
Aug-2008 $21.70 $21.66 -$0.04
Sep-2008 $21.72 $21.72 $0.00
Oct-2008 $21.76 $21.79 $0.03
Nov-2008 $21.87 $21.85 -$0.02
Dec-2008 $21.94 $21.91 -$0.03
Jan-2009 $21.96 $21.97 $0.01
Feb-2009 $21.99 $22.04 $0.05
Mar-2009 $22.06 $22.10 $0.04
Apr-2009 $22.09 $22.16 $0.07
May-2009 $22.11 $22.23 $0.12
Jun-2009 $22.14 $22.29 $0.15
Jul-2009 $22.18 $22.36 $0.18
Aug-2009 $22.23 $22.42 $0.19
Sep-2009 $22.26 $22.48 $0.22
Oct-2009 $22.30 $22.55 $0.25
Nov-2009 $22.35 $22.61 $0.26
Dec-2009 $22.36 $22.68 $0.32
Jan-2010 $22.41 $22.74 $0.33
Feb-2010 $22.45 $22.81 $0.36
Mar-2010 $22.46 $22.87 $0.41
Apr-2010 $22.49 $22.94 $0.45
May-2010 $22.53 $23.01 $0.48
Jun-2010 $22.53 $23.07 $0.54
Jul-2010 $22.59 $23.14 $0.55
Aug-2010 $22.62 $23.20 $0.58
Sep-2010 $22.67 $23.27 $0.60
Oct-2010 $22.74 $23.34 $0.60
Nov-2010 $22.73 $23.40 $0.67
Dec-2010 $22.76 $23.47 $0.71
Jan-2011 $22.86 $23.54 $0.68
Feb-2011 $22.87 $23.61 $0.74
Mar-2011 $22.87 $23.67 $0.80
Apr-2011 $22.91 $23.74 $0.83
May-2011 $22.98 $23.81 $0.83
Jun-2011 $23.01 $23.88 $0.87
Jul-2011 $23.10 $23.95 $0.85
Aug-2011 $23.07 $24.02 $0.95
Sep-2011 $23.12 $24.09 $0.97
Oct-2011 $23.20 $24.15 $0.95
Nov-2011 $23.19 $24.22 $1.03
Dec-2011 $23.22 $24.29 $1.07
Jan-2012 $23.25 $24.36 $1.11
Feb-2012 $23.28 $24.43 $1.15
Mar-2012 $23.36 $24.50 $1.14
Apr-2012 $23.39 $24.57 $1.18
May-2012 $23.40 $24.64 $1.24
Jun-2012 $23.46 $24.71 $1.25
Jul-2012 $23.50 $24.79 $1.29
Aug-2012 $23.49 $24.86 $1.37
Sep-2012 $23.57 $24.93 $1.36
Oct-2012 $23.56 $25.00 $1.44
Nov-2012 $23.63 $25.07 $1.44
Dec-2012 $23.73 $25.14 $1.41
Jan-2013 $23.75 $25.22 $1.47
Feb-2013 $23.78 $25.29 $1.51
Mar-2013 $23.80 $25.36 $1.56
Apr-2013 $23.87 $25.43 $1.56
May-2013 $23.89 $25.51 $1.62
Jun-2013 $23.96 $25.58 $1.62
Jul-2013 $23.98 $25.65 $1.67
Aug-2013 $24.02 $25.73 $1.71
Sep-2013 $24.06 $25.80 $1.74
Oct-2013 $24.09 $25.87 $1.78
Nov-2013 $24.16 $25.95 $1.79
Dec-2013 $24.18 $26.02 $1.84
Jan-2014 $24.23 $26.10 $1.87
Feb-2014 $24.33 $26.17 $1.84
Mar-2014 $24.32 $26.25 $1.93
Apr-2014 $24.34 $26.32 $1.98
May-2014 $24.40 $26.40 $2.00
Jun-2014 $24.46 $26.47 $2.01
Jul-2014 $24.48 $26.55 $2.07
Aug-2014 $24.54 $26.63 $2.09
Sep-2014 $24.55 $26.70 $2.15
Oct-2014 $24.58 $26.78 $2.20
Nov-2014 $24.66 $26.86 $2.20
Dec-2014 $24.62 $26.93 $2.31
Jan-2015 $24.75 $27.01 $2.26
Feb-2015 $24.79 $27.09 $2.30
Mar-2015 $24.86 $27.17 $2.31
Apr-2015 $24.89 $27.24 $2.35
May-2015 $24.97 $27.32 $2.35
Jun-2015 $24.97 $27.40 $2.43
Jul-2015 $25.00 $27.48 $2.48
Aug-2015 $25.09 $27.56 $2.47
Sep-2015 $25.11 $27.64 $2.53
Oct-2015 $25.19 $27.72 $2.53
Nov-2015 $25.25 $27.80 $2.55
Dec-2015 $25.24 $27.88 $2.64
Jan-2016 $25.38 $27.96 $2.58
Feb-2016 $25.38 $28.04 $2.66
Mar-2016 $25.45 $28.12 $2.67
Apr-2016 $25.53 $28.20 $2.67
May-2016 $25.58 $28.28 $2.70
Jun-2016 $25.62 $28.36 $2.74
Jul-2016 $25.69 $28.44 $2.75
Aug-2016 $25.72 $28.52 $2.80
Sep-2016 $25.77 $28.61 $2.84
Oct-2016 $25.89 $28.69 $2.80
Nov-2016 $25.90 $28.77 $2.87
Dec-2016 $25.92 $28.85 $2.93
Jan-2017 $26.00 $28.94 $2.94
Feb-2017 $26.06 $29.02 $2.96
Mar-2017 $26.11 $29.10 $2.99
Apr-2017 $26.17 $29.19 $3.02
May-2017 $26.21 $29.27 $3.06
Jun-2017 $26.26 $29.35 $3.09
Jul-2017 $26.36 $29.44 $3.08
Aug-2017 $26.38 $29.52 $3.14
Sep-2017 $26.49 $29.61 $3.12
Oct-2017 $26.49 $29.69 $3.20
Nov-2017 $26.52 $29.78 $3.26
Dec-2017 $26.61 $29.86 $3.25
Jan-2018 $26.73 $29.95 $3.22
Feb-2018 $26.75 $30.03 $3.28
Mar-2018 $26.86 $30.12 $3.26
Apr-2018 $26.92 $30.21 $3.29
May-2018 $26.98 $30.29 $3.31
Jun-2018 $27.03 $30.38 $3.35
Jul-2018 $27.09 $30.47 $3.38
Aug-2018 $27.20 $30.56 $3.36
Sep-2018 $27.32 $30.64 $3.32
Oct-2018 $27.36 $30.73 $3.37
Nov-2018 $27.44 $30.82 $3.38
Dec-2018 $27.56 $30.91 $3.35
Jan-2019 $27.59 $31.00 $3.41
Feb-2019 $27.70 $31.09 $3.39
Mar-2019 $27.79 $31.17 $3.38
Apr-2019 $27.76 $31.26 $3.50
May-2019 $27.86 $31.35 $3.49
Jun-2019 $27.94 $31.44 $3.50
Jul-2019 $28.02 $31.53 $3.51
Aug-2019 $28.13 $31.62 $3.49
Sep-2019 $28.17 $31.72 $3.55
Oct-2019 $28.24 $31.81 $3.57
Nov-2019 $28.35 $31.90 $3.55
Dec-2019 $28.37 $31.99 $3.62
Jan-2020 $28.43 $32.08 $3.65
Feb-2020 $28.55 $32.17 $3.62
Mar-2020 $28.80 $32.27 $3.47
Apr-2020 $30.01 $32.36 $2.35
May-2020 $29.72 $32.45 $2.73
Jun-2020 $29.37 $32.54 $3.17
Jul-2020 $29.39 $32.64 $3.25
Aug-2020 $29.48 $32.73 $3.25
Sep-2020 $29.52 $32.83 $3.31
Oct-2020 $29.54 $32.92 $3.38
Nov-2020 $29.64 $33.01 $3.37
Dec-2020 $29.92 $33.11 $3.19
Jan-2021 $29.92 $33.20 $3.28
Feb-2021 $30.05 $33.30 $3.25
Mar-2021 $30.05 $33.39 $3.34
Apr-2021 $30.20 $33.49 $3.29
May-2021 $30.38 $33.59 $3.21
Jun-2021 $30.53 $33.68 $3.15
Jul-2021 $30.66 $33.78 $3.12
Aug-2021 $30.78 $33.88 $3.10
Sep-2021 $30.96 $33.97 $3.01
Oct-2021 $31.14 $34.07 $2.93
Nov-2021 $31.24 $34.17 $2.93
Dec-2021 $31.42 $34.27 $2.85
Jan-2022 $31.63 $34.37 $2.74
Feb-2022 $31.63 $34.46 $2.83
Mar-2022 $31.83 $34.56 $2.73
Apr-2022 $31.94 $34.66 $2.72
May-2022 $32.06 $34.76 $2.70
Jun-2022 $32.18 $34.86 $2.68
Jul-2022 $32.33 $34.96 $2.63
Aug-2022 $32.43 $35.06 $2.63
Sep-2022 $32.53 $35.16 $2.63
Oct-2022 $32.66 $35.26 $2.60
Nov-2022 $32.80 $35.37 $2.57
Dec-2022 $32.92 $35.47 $2.55
Jan-2023 $33.02 $35.57 $2.55
Feb-2023 $33.11 $35.67 $2.56
Mar-2023 $33.20 $35.77 $2.57
Apr-2023 $33.34 $35.88 $2.54
May-2023 $33.45 $35.98 $2.53
Jun-2023 $33.60  $36.08  $2.48
Jul-2023 $33.73 $36.19  $2.46
Aug-2023 $33.82  $36.29 $2.47
Sep-2023 $33.93 $36.39 $2.46
Oct-2023 $34.00  $36.50 $2.50
Nov-2023 $34.23 $36.60 $2.37
Dec-2023 $34.34 $36.71 $2.37
Jan-2024 $34.51 $36.81 $2.30
Feb-2024 $34.56 $36.92 $2.36
Mar-2024 $34.68 $37.03 $2.35
Apr-2024 $34.75 $37.13 $2.38

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

View the underlying data on epi.org.