Nominal wage growth in average hourly earnings for all workers, year over year change, three-month change annualized, and one-month change annualized
| date | Year-over-year change | Three-month change, annualized | One-month change, annualized |
|---|---|---|---|
| Jan-2019 | 3.2% | 3.4% | 1.3% |
| Feb-2019 | 3.6% | 3.8% | 4.9% |
| Mar-2019 | 3.5% | 3.4% | 4.0% |
| Apr-2019 | 3.1% | 2.5% | -1.3% |
| May-2019 | 3.3% | 2.3% | 4.4% |
| Jun-2019 | 3.4% | 2.2% | 3.5% |
| Jul-2019 | 3.4% | 3.8% | 3.5% |
| Aug-2019 | 3.4% | 3.9% | 4.8% |
| Sep-2019 | 3.1% | 3.3% | 1.7% |
| Oct-2019 | 3.2% | 3.2% | 3.0% |
| Nov-2019 | 3.3% | 3.2% | 4.8% |
| Dec-2019 | 2.9% | 2.9% | 0.8% |
| Jan-2020 | 3.0% | 2.7% | 2.6% |
| Feb-2020 | 3.1% | 2.9% | 5.2% |
| Mar-2020 | 3.6% | 6.2% | 11.0% |
| Apr-2020 | 8.1% | 24.2% | 63.9% |
| May-2020 | 6.7% | 17.4% | -11.0% |
| Jun-2020 | 5.1% | 8.2% | -13.3% |
| Jul-2020 | 4.9% | -8.0% | 0.8% |
| Aug-2020 | 4.8% | -3.2% | 3.7% |
| Sep-2020 | 4.8% | 2.1% | 1.6% |
| Oct-2020 | 4.6% | 2.1% | 0.8% |
| Nov-2020 | 4.6% | 2.2% | 4.1% |
| Dec-2020 | 5.5% | 5.5% | 11.9% |
| Jan-2021 | 5.2% | 5.2% | 0.0% |
| Feb-2021 | 5.3% | 5.6% | 5.3% |
| Mar-2021 | 4.3% | 1.7% | 0.0% |
| Apr-2021 | 0.6% | 3.8% | 6.2% |
| May-2021 | 2.2% | 4.5% | 7.4% |
| Jun-2021 | 3.9% | 6.5% | 6.1% |
| Jul-2021 | 4.3% | 6.2% | 5.2% |
| Aug-2021 | 4.4% | 5.4% | 4.8% |
| Sep-2021 | 4.9% | 5.8% | 7.2% |
| Oct-2021 | 5.4% | 6.4% | 7.2% |
| Nov-2021 | 5.4% | 6.1% | 3.9% |
| Dec-2021 | 5.0% | 6.1% | 7.1% |
| Jan-2022 | 5.7% | 6.4% | 8.3% |
| Feb-2022 | 5.3% | 5.1% | 0.0% |
| Mar-2022 | 5.9% | 5.3% | 7.9% |
| Apr-2022 | 5.8% | 4.0% | 4.2% |
| May-2022 | 5.5% | 5.5% | 4.6% |
| Jun-2022 | 5.4% | 4.5% | 4.6% |
| Jul-2022 | 5.4% | 5.0% | 5.7% |
| Aug-2022 | 5.4% | 4.7% | 3.8% |
| Sep-2022 | 5.1% | 4.4% | 3.8% |
| Oct-2022 | 4.9% | 4.1% | 4.9% |
| Nov-2022 | 5.0% | 4.6% | 5.3% |
| Dec-2022 | 4.8% | 4.9% | 4.5% |
| Jan-2023 | 4.4% | 4.5% | 3.7% |
| Feb-2023 | 4.7% | 3.8% | 3.3% |
| Mar-2023 | 4.3% | 3.4% | 3.3% |
| Apr-2023 | 4.4% | 3.9% | 5.2% |
| May-2023 | 4.3% | 4.2% | 4.0% |
| Jun-2023 | 4.4% | 4.9% | 5.5% |
| Jul-2023 | 4.4% | 4.9% | 5.1% |
| Aug-2023 | 4.3% | 4.5% | 2.9% |
Source: EPI analysis of Bureau of Labor Statistics Current Employment Statistics public data series