#### 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 \$34.69 \$37.03 \$2.34
Apr-2024 \$34.75 \$37.13 \$2.38
May-2024 \$34.90 \$37.24 \$2.34
Jun-2024 \$35.00 \$37.35 \$2.35

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