When the CPS is smoothed using a three-year moving average, the CPS and CES exhibit similar trends: CES wages and three-year averages of CPS wages, year-over-year percent change, nominal, 2000–2017
Year | CPS median wage, 3-year average | CPS average wage, 3-year average | CES all private-sector employee wages | CES private-sector production and nonsupervisory employee wages |
---|---|---|---|---|
2000 | 3.9% | 4.7% | 3.9% | |
2001 | 4.4% | 4.6% | 3.8% | |
2002 | 3.2% | 4.2% | 2.9% | |
2003 | 3.7% | 3.5% | 2.7% | |
2004 | 2.7% | 2.8% | 2.1% | |
2005 | 3.0% | 2.6% | 2.7% | |
2006 | 3.0% | 3.0% | 3.9% | |
2007 | 2.5% | 3.4% | 4.0% | |
2008 | 3.1% | 3.9% | 3.1% | 3.8% |
2009 | 2.4% | 3.3% | 2.8% | 3.0% |
2010 | 2.0% | 2.4% | 1.9% | 2.4% |
2011 | 0.7% | 1.3% | 2.0% | 2.0% |
2012 | 0.7% | 1.5% | 1.9% | 1.5% |
2013 | 1.4% | 1.8% | 2.1% | 2.1% |
2014 | 1.7% | 1.9% | 2.1% | 2.3% |
2015 | 1.6% | 2.3% | 2.3% | 2.1% |
2016 | 2.4% | 2.9% | 2.6% | 2.5% |
2017 | 2.7% | 3.4% | 2.5% | 2.3% |
Source: EPI analysis of Current Population Survey Outgoing Rotation Group microdata and Current Employment Statistics data