Nominal wage growth has been far below target in the recovery: Year-over-year change in private-sector nominal average hourly earnings, 2007–2018

Date All nonfarm employees Production/nonsupervisory workers
Mar-2007 3.44% 4.11%
Apr-2007 3.13% 3.85%
May-2007 3.53% 4.14%
Jun-2007 3.61% 4.19%
Jul-2007 3.25% 4.05%
Aug-2007 3.35% 3.98%
Sep-2007 3.09% 4.15%
Oct-2007 3.03% 3.78%
Nov-2007 3.07% 3.83%
Dec-2007 2.92% 3.75%
Jan-2008 2.91% 3.80%
Feb-2008 2.85% 3.79%
Mar-2008 3.04% 3.83%
Apr-2008 2.89% 3.70%
May-2008 3.07% 3.69%
Jun-2008 2.67% 3.56%
Jul-2008 3.05% 3.67%
Aug-2008 3.33% 3.89%
Sep-2008 3.28% 3.64%
Oct-2008 3.32% 3.81%
Nov-2008 3.50% 3.91%
Dec-2008 3.59% 3.90%
Jan-2009 3.58% 3.72%
Feb-2009 3.43% 3.65%
Mar-2009 3.28% 3.47%
Apr-2009 3.37% 3.35%
May-2009 2.93% 3.06%
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% 2.67%
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% 2.59%
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% 2.45%
Nov-2010 1.79% 2.13%
Dec-2010 1.79% 2.02%
Jan-2011 1.96% 2.28%
Feb-2011 1.83% 2.11%
Mar-2011 1.83% 2.06%
Apr-2011 1.87% 2.11%
May-2011 2.04% 2.10%
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% 1.88%
Nov-2011 1.98% 1.82%
Dec-2011 2.02% 1.77%
Jan-2012 1.75% 1.35%
Feb-2012 1.79% 1.45%
Mar-2012 2.14% 1.76%
Apr-2012 2.09% 1.70%
May-2012 1.74% 1.39%
Jun-2012 1.96% 1.54%
Jul-2012 1.69% 1.39%
Aug-2012 1.86% 1.33%
Sep-2012 1.99% 1.54%
Oct-2012 1.51% 1.18%
Nov-2012 1.94% 1.48%
Dec-2012 2.11% 1.69%
Jan-2013 2.11% 1.89%
Feb-2013 2.19% 1.99%
Mar-2013 1.93% 1.88%
Apr-2013 2.01% 1.78%
May-2013 2.14% 1.93%
Jun-2013 2.13% 1.98%
Jul-2013 2.09% 2.03%
Aug-2013 2.26% 2.23%
Sep-2013 2.04% 2.12%
Oct-2013 2.25% 2.37%
Nov-2013 2.20% 2.32%
Dec-2013 1.90% 2.26%
Jan-2014 1.98% 2.21%
Feb-2014 2.23% 2.55%
Mar-2014 2.06% 2.30%
Apr-2014 1.97% 2.40%
May-2014 2.13% 2.44%
Jun-2014 2.05% 2.34%
Jul-2014 2.08% 2.33%
Aug-2014 2.21% 2.43%
Sep-2014 2.16% 2.33%
Oct-2014 2.03% 2.22%
Nov-2014 2.03% 2.26%
Dec-2014 1.99% 1.92%
Jan-2015 2.19% 2.06%
Feb-2015 1.93% 1.66%
Mar-2015 2.22% 1.95%
Apr-2015 2.22% 1.95%
May-2015 2.34% 2.14%
Jun-2015 2.17% 2.09%
Jul-2015 2.12% 1.99%
Aug-2015 2.24% 2.08%
Sep-2015 2.24% 2.03%
Oct-2015 2.52% 2.37%
Nov-2015 2.43% 2.12%
Dec-2015 2.56% 2.51%
Jan-2016 2.55% 2.40%
Feb-2016 2.38% 2.40%
Mar-2016 2.50% 2.54%
Apr-2016 2.61% 2.58%
May-2016 2.44% 2.33%
Jun-2016 2.56% 2.43%
Jul-2016 2.76% 2.62%
Aug-2016 2.47% 2.42%
Sep-2016 2.63% 2.56%
Oct-2016 2.70% 2.36%
Nov-2016 2.57% 2.40%
Dec-2016 2.65% 2.49%
Jan-2017 2.40% 2.35%
Feb-2017 2.72% 2.39%
Mar-2017 2.55% 2.24%
Apr-2017 2.51% 2.24%
May-2017 2.46% 2.33%
Jun-2017 2.50% 2.32%
Jul-2017 2.49% 2.22%
Aug-2017 2.60% 2.31%
Sep-2017 2.83% 2.59%
Oct-2017 2.28% 2.21%
Nov-2017 2.47% 2.35%
Dec-2017 2.66% 2.43%
Jan-2018 2.77% 2.43%
Feb-2018 2.57% 2.47%
Mar-2018 2.64% 2.60%
Apr-2018 2.64% 2.64%
May-2018 2.79% 2.73%
Jun-2018 2.78% 2.77%
Jul-2018 2.77% 2.77%
Aug-2018 2.96% 2.94%
Sep-2018 2.79% 2.79%
Oct-2018 3.10% 3.16%
Nov-2018 3.05% 3.24%

*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.