Job Indicators

Nominal wage growth spikes from compositional shifts in the COVID-19 economy, 2007–2021

Date All nonfarm employees Production/nonsupervisory workers
Mar-2007 3.39% 4.11%
Apr-2007 3.07% 3.85%
May-2007 3.53% 4.08%
Jun-2007 3.61% 4.19%
Jul-2007 3.25% 4.11%
Aug-2007 3.40% 4.04%
Sep-2007 3.09% 4.09%
Oct-2007 3.03% 3.84%
Nov-2007 3.13% 3.89%
Dec-2007 2.97% 3.81%
Jan-2008 2.91% 3.74%
Feb-2008 2.85% 3.79%
Mar-2008 3.09% 3.83%
Apr-2008 2.79% 3.76%
May-2008 3.02% 3.75%
Jun-2008 2.72% 3.50%
Jul-2008 3.01% 3.67%
Aug-2008 3.33% 3.89%
Sep-2008 3.23% 3.64%
Oct-2008 3.32% 3.81%
Nov-2008 3.60% 3.86%
Dec-2008 3.59% 3.90%
Jan-2009 3.68% 3.78%
Feb-2009 3.43% 3.60%
Mar-2009 3.28% 3.47%
Apr-2009 3.37% 3.35%
May-2009 2.93% 3.06%
Jun-2009 2.83% 2.94%
Jul-2009 2.73% 2.71%
Aug-2009 2.44% 2.70%
Sep-2009 2.49% 2.75%
Oct-2009 2.53% 2.68%
Nov-2009 2.19% 2.68%
Dec-2009 1.91% 2.45%
Jan-2010 2.00% 2.61%
Feb-2010 2.09% 2.55%
Mar-2010 1.77% 2.22%
Apr-2010 1.81% 2.38%
May-2010 1.95% 2.59%
Jun-2010 1.81% 2.48%
Jul-2010 1.85% 2.42%
Aug-2010 1.75% 2.36%
Sep-2010 1.84% 2.19%
Oct-2010 1.93% 2.45%
Nov-2010 1.65% 2.18%
Dec-2010 1.79% 2.07%
Jan-2011 1.96% 2.33%
Feb-2011 1.87% 2.12%
Mar-2011 1.87% 2.12%
Apr-2011 1.91% 2.11%
May-2011 2.04% 2.10%
Jun-2011 2.13% 2.05%
Jul-2011 2.26% 2.26%
Aug-2011 1.99% 1.88%
Sep-2011 1.94% 1.94%
Oct-2011 2.07% 1.88%
Nov-2011 1.98% 1.82%
Dec-2011 1.98% 1.77%
Jan-2012 1.71% 1.40%
Feb-2012 1.75% 1.45%
Mar-2012 2.14% 1.71%
Apr-2012 2.05% 1.65%
May-2012 1.74% 1.39%
Jun-2012 1.96% 1.60%
Jul-2012 1.77% 1.39%
Aug-2012 1.82% 1.39%
Sep-2012 1.99% 1.54%
Oct-2012 1.51% 1.18%
Nov-2012 1.94% 1.43%
Dec-2012 2.24% 1.74%
Jan-2013 2.24% 1.79%
Feb-2013 2.15% 2.04%
Mar-2013 1.93% 1.88%
Apr-2013 2.05% 1.83%
May-2013 2.14% 1.88%
Jun-2013 2.17% 2.03%
Jul-2013 2.00% 2.03%
Aug-2013 2.30% 2.18%
Sep-2013 2.08% 2.28%
Oct-2013 2.25% 2.32%
Nov-2013 2.24% 2.37%
Dec-2013 1.85% 2.21%
Jan-2014 1.89% 2.26%
Feb-2014 2.31% 2.55%
Mar-2014 2.10% 2.45%
Apr-2014 1.97% 2.35%
May-2014 2.13% 2.44%
Jun-2014 1.96% 2.24%
Jul-2014 2.09% 2.33%
Aug-2014 2.16% 2.48%
Sep-2014 2.08% 2.17%
Oct-2014 2.03% 2.22%
Nov-2014 2.03% 2.22%
Dec-2014 1.99% 1.77%
Jan-2015 2.15% 2.01%
Feb-2015 1.89% 1.46%
Mar-2015 2.18% 1.85%
Apr-2015 2.26% 1.95%
May-2015 2.30% 2.19%
Jun-2015 2.21% 2.14%
Jul-2015 2.12% 2.04%
Aug-2015 2.24% 1.98%
Sep-2015 2.24% 2.13%
Oct-2015 2.48% 2.37%
Nov-2015 2.39% 2.12%
Dec-2015 2.52% 2.61%
Jan-2016 2.55% 2.45%
Feb-2016 2.42% 2.60%
Mar-2016 2.46% 2.49%
Apr-2016 2.57% 2.58%
May-2016 2.48% 2.29%
Jun-2016 2.60% 2.48%
Jul-2016 2.80% 2.62%
Aug-2016 2.47% 2.51%
Sep-2016 2.63% 2.51%
Oct-2016 2.74% 2.41%
Nov-2016 2.65% 2.45%
Dec-2016 2.65% 2.45%
Jan-2017 2.52% 2.35%
Feb-2017 2.76% 2.44%
Mar-2017 2.59% 2.24%
Apr-2017 2.51% 2.24%
May-2017 2.46% 2.33%
Jun-2017 2.50% 2.32%
Jul-2017 2.57% 2.32%
Aug-2017 2.57% 2.31%
Sep-2017 2.87% 2.59%
Oct-2017 2.32% 2.21%
Nov-2017 2.47% 2.35%
Dec-2017 2.70% 2.48%
Jan-2018 2.73% 2.52%
Feb-2018 2.57% 2.47%
Mar-2018 2.80% 2.79%
Apr-2018 2.83% 2.83%
May-2018 2.94% 2.91%
Jun-2018 2.93% 2.91%
Jul-2018 2.85% 2.85%
Aug-2018 3.18% 3.08%
Sep-2018 3.02% 2.97%
Oct-2018 3.32% 3.25%
Nov-2018 3.35% 3.46%
Dec-2018 3.38% 3.54%
Jan-2019 3.26% 3.35%
Feb-2019 3.51% 3.53%
Mar-2019 3.43% 3.51%
Apr-2019 3.34% 3.46%
May-2019 3.30% 3.58%
Jun-2019 3.40% 3.53%
Jul-2019 3.47% 3.65%
Aug-2019 3.45% 3.73%
Sep-2019 3.11% 3.67%
Oct-2019 3.22% 3.76%
Nov-2019 3.28% 3.52%
Dec-2019 3.01% 3.25%
Jan-2020 3.08% 3.33%
Feb-2020 3.00% 3.32%
Mar-2020 3.35% 3.52%
Apr-2020 7.98% 7.67%
May-2020 6.57% 6.62%
Jun-2020 4.86% 5.41%
Jul-2020 4.78% 4.63%
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Source: EPI analysis of Bureau of Labor Statistics Current Employment Statistics public data series

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