Nominal wage growth has been far below target in the recovery: Year-over-year change in private-sector nominal average hourly earnings, 2007–2017

Date All nonfarm employees Production/nonsupervisory workers
Mar-2007 3.44% 4.17%
Apr-2007 3.13% 3.85%
May-2007 3.53% 4.14%
Jun-2007 3.61% 4.13%
Jul-2007 3.25% 4.05%
Aug-2007 3.35% 4.04%
Sep-2007 3.09% 4.09%
Oct-2007 3.03% 3.72%
Nov-2007 3.07% 3.89%
Dec-2007 2.92% 3.75%
Jan-2008 2.91% 3.80%
Feb-2008 2.85% 3.79%
Mar-2008 3.04% 3.71%
Apr-2008 2.89% 3.70%
May-2008 3.07% 3.69%
Jun-2008 2.67% 3.62%
Jul-2008 3.05% 3.67%
Aug-2008 3.33% 3.89%
Sep-2008 3.28% 3.70%
Oct-2008 3.32% 3.93%
Nov-2008 3.50% 3.80%
Dec-2008 3.59% 3.90%
Jan-2009 3.58% 3.72%
Feb-2009 3.43% 3.65%
Mar-2009 3.28% 3.53%
Apr-2009 3.37% 3.35%
May-2009 2.93% 3.11%
Jun-2009 2.88% 2.88%
Jul-2009 2.69% 2.76%
Aug-2009 2.44% 2.64%
Sep-2009 2.44% 2.75%
Oct-2009 2.53% 2.68%
Nov-2009 2.15% 2.73%
Dec-2009 1.96% 2.50%
Jan-2010 2.09% 2.66%
Feb-2010 2.09% 2.55%
Mar-2010 1.81% 2.27%
Apr-2010 1.81% 2.38%
May-2010 1.90% 2.54%
Jun-2010 1.76% 2.53%
Jul-2010 1.85% 2.42%
Aug-2010 1.75% 2.36%
Sep-2010 1.84% 2.19%
Oct-2010 1.93% 2.51%
Nov-2010 1.79% 2.18%
Dec-2010 1.74% 2.02%
Jan-2011 1.92% 2.17%
Feb-2011 1.83% 2.06%
Mar-2011 1.83% 2.06%
Apr-2011 1.87% 2.11%
May-2011 2.04% 2.05%
Jun-2011 2.13% 2.05%
Jul-2011 2.30% 2.26%
Aug-2011 1.95% 1.99%
Sep-2011 1.94% 1.99%
Oct-2011 2.07% 1.72%
Nov-2011 1.98% 1.82%
Dec-2011 2.07% 1.87%
Jan-2012 1.79% 1.40%
Feb-2012 1.79% 1.45%
Mar-2012 2.14% 1.71%
Apr-2012 2.09% 1.65%
May-2012 1.74% 1.44%
Jun-2012 1.96% 1.54%
Jul-2012 1.69% 1.33%
Aug-2012 1.86% 1.33%
Sep-2012 1.99% 1.38%
Oct-2012 1.51% 1.28%
Nov-2012 1.94% 1.43%
Dec-2012 2.11% 1.58%
Jan-2013 2.06% 1.89%
Feb-2013 2.19% 2.04%
Mar-2013 1.88% 1.88%
Apr-2013 1.97% 1.78%
May-2013 2.14% 1.93%
Jun-2013 2.17% 2.03%
Jul-2013 2.04% 2.03%
Aug-2013 2.26% 2.23%
Sep-2013 2.08% 2.28%
Oct-2013 2.25% 2.27%
Nov-2013 2.20% 2.37%
Dec-2013 1.98% 2.26%
Jan-2014 2.02% 2.31%
Feb-2014 2.23% 2.50%
Mar-2014 2.14% 2.35%
Apr-2014 2.01% 2.40%
May-2014 2.13% 2.44%
Jun-2014 2.00% 2.34%
Jul-2014 2.09% 2.38%
Aug-2014 2.21% 2.43%
Sep-2014 2.04% 2.27%
Oct-2014 2.03% 2.27%
Nov-2014 2.03% 2.21%
Dec-2014 1.86% 1.92%
Jan-2015 2.19% 2.01%
Feb-2015 1.93% 1.61%
Mar-2015 2.22% 2.00%
Apr-2015 2.26% 2.00%
May-2015 2.30% 2.14%
Jun-2015 2.09% 1.99%
Jul-2015 2.21% 2.04%
Aug-2015 2.24% 2.08%
Sep-2015 2.32% 2.13%
Oct-2015 2.56% 2.32%
Nov-2015 2.39% 2.12%
Dec-2015 2.52% 2.56%
Jan-2016 2.51% 2.45%
Feb-2016 2.38% 2.45%
Mar-2016 2.45% 2.44%
Apr-2016 2.61% 2.58%
May-2016 2.52% 2.33%
Jun-2016 2.64% 2.52%
Jul-2016 2.76% 2.61%
Aug-2016 2.55% 2.46%
Sep-2016 2.75% 2.65%
Oct-2016 2.74% 2.50%
Nov-2016 2.65% 2.50%
Dec-2016 2.85% 2.54%
Jan-2017 2.56% 2.39%
Feb-2017 2.84% 2.48%
Mar-2017 2.63% 2.34%
Apr-2017 2.51% 2.38%
May-2017 2.46% 2.42%

*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.