Nominal wage growth has been far below target in the recovery: Year-over-year change in private-sector nominal average hourly earnings, 2007–2015
| All nonfarm employees | Production/nonsupervisory workers | |
|---|---|---|
| Mar-2007 | 3.5910224% | 4.1112455% |
| Apr-2007 | 3.2738095% | 3.8461538% |
| May-2007 | 3.7257824% | 4.1441441% |
| Jun-2007 | 3.8062284% | 4.1267943% |
| Jul-2007 | 3.4482759% | 4.0524434% |
| Aug-2007 | 3.4940945% | 4.0404040% |
| Sep-2007 | 3.2827046% | 4.1493776% |
| Oct-2007 | 3.2778865% | 3.7780401% |
| Nov-2007 | 3.2714844% | 3.8869258% |
| Dec-2007 | 3.1599417% | 3.8123167% |
| Jan-2008 | 3.1067961% | 3.8619075% |
| Feb-2008 | 3.0947776% | 3.7296037% |
| Mar-2008 | 3.0813674% | 3.7746806% |
| Apr-2008 | 2.8818444% | 3.7037037% |
| May-2008 | 3.0172414% | 3.6908881% |
| Jun-2008 | 2.6666667% | 3.6186100% |
| Jul-2008 | 3.0000000% | 3.7227950% |
| Aug-2008 | 3.3285782% | 3.8263849% |
| Sep-2008 | 3.2258065% | 3.6425726% |
| Oct-2008 | 3.3159640% | 3.9249147% |
| Nov-2008 | 3.6406619% | 3.8548753% |
| Dec-2008 | 3.5815269% | 3.8418079% |
| Jan-2009 | 3.5781544% | 3.7183099% |
| Feb-2009 | 3.2363977% | 3.6516854% |
| Mar-2009 | 3.1293788% | 3.5254617% |
| Apr-2009 | 3.2212885% | 3.2924107% |
| May-2009 | 2.8358903% | 3.0589544% |
| Jun-2009 | 2.7829314% | 2.9379157% |
| Jul-2009 | 2.5889968% | 2.7056875% |
| Aug-2009 | 2.3930051% | 2.6402640% |
| Sep-2009 | 2.3437500% | 2.7457441% |
| Oct-2009 | 2.3383769% | 2.6272578% |
| Nov-2009 | 2.0529197% | 2.6746725% |
| Dec-2009 | 1.8198362% | 2.5027203% |
| Jan-2010 | 1.9545455% | 2.6072787% |
| Feb-2010 | 1.9990913% | 2.4932249% |
| Mar-2010 | 1.7663043% | 2.2702703% |
| Apr-2010 | 1.8091361% | 2.4311183% |
| May-2010 | 1.9439421% | 2.5903940% |
| Jun-2010 | 1.7148014% | 2.5309639% |
| Jul-2010 | 1.8476791% | 2.4731183% |
| Aug-2010 | 1.7528090% | 2.4115756% |
| Sep-2010 | 1.8410418% | 2.2982362% |
| Oct-2010 | 1.8817204% | 2.5066667% |
| Nov-2010 | 1.6540009% | 2.2328549% |
| Dec-2010 | 1.7426273% | 2.0700637% |
| Jan-2011 | 1.9170753% | 2.1704606% |
| Feb-2011 | 1.8708241% | 2.1152829% |
| Mar-2011 | 1.8691589% | 2.0613108% |
| Apr-2011 | 1.9102621% | 2.1097046% |
| May-2011 | 1.9955654% | 2.1567596% |
| Jun-2011 | 2.1295475% | 1.9957983% |
| Jul-2011 | 2.2566372% | 2.3084995% |
| Aug-2011 | 1.8992933% | 1.9884877% |
| Sep-2011 | 1.9400353% | 1.9331243% |
| Oct-2011 | 2.1108179% | 1.7689906% |
| Nov-2011 | 2.0228672% | 1.7680707% |
| Dec-2011 | 1.9762846% | 1.7680707% |
| Jan-2012 | 1.7497813% | 1.3989637% |
| Feb-2012 | 1.8801924% | 1.4500259% |
| Mar-2012 | 2.0969856% | 1.7607457% |
| Apr-2012 | 2.0052310% | 1.7561983% |
| May-2012 | 1.8260870% | 1.3903193% |
| Jun-2012 | 1.9548219% | 1.5447992% |
| Jul-2012 | 1.7741238% | 1.3333333% |
| Aug-2012 | 1.8205462% | 1.3340174% |
| Sep-2012 | 1.9896194% | 1.4351615% |
| Oct-2012 | 1.5073213% | 1.2781186% |
| Nov-2012 | 1.8965517% | 1.4307614% |
| Dec-2012 | 2.1963824% | 1.7373531% |
| Jan-2013 | 2.1496131% | 1.8906490% |
| Feb-2013 | 2.1030043% | 2.0418581% |
| Mar-2013 | 1.9255456% | 1.8829517% |
| Apr-2013 | 2.0085470% | 1.7258883% |
| May-2013 | 2.0068318% | 1.8791265% |
| Jun-2013 | 2.1303792% | 2.0283976% |
| Jul-2013 | 1.9132653% | 1.9230769% |
| Aug-2013 | 2.2562793% | 2.1772152% |
| Sep-2013 | 2.0356234% | 2.1728146% |
| Oct-2013 | 2.2486211% | 2.2715800% |
| Nov-2013 | 2.2419628% | 2.3173804% |
| Dec-2013 | 1.8963338% | 2.1597187% |
| Jan-2014 | 1.9360269% | 2.3069208% |
| Feb-2014 | 2.1437579% | 2.4512256% |
| Mar-2014 | 2.1830395% | 2.3976024% |
| Apr-2014 | 1.9689987% | 2.3952096% |
| May-2014 | 2.1347844% | 2.4426720% |
| Jun-2014 | 2.0442219% | 2.3359841% |
| Jul-2014 | 2.0859408% | 2.4329692% |
| Aug-2014 | 2.2064946% | 2.4777007% |
| Sep-2014 | 2.0365752% | 2.2749753% |
| Oct-2014 | 2.0331950% | 2.2704837% |
| Nov-2014 | 2.1100538% | 2.2648941% |
| Dec-2014 | 1.8196857% | 1.8682399% |
| Jan-2015 | 2.2295623% | 2.0098039% |
| Feb-2015 | 1.975309% | 1.6601563% |
| Mar-2015 | 2.054232% | 1.8536585% |
| Apr-2015 | 2.177486% | 1.8518519% |
* 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