Average real hourly compensation and wages, 2000–2013
Labor Productivity and Costs program (LPC) | Employment Cost Index (ECI) | Current Establishment Survey (CES) | Employer Costs for Employee Compensation (ECEC) | ||||||
---|---|---|---|---|---|---|---|---|---|
Productivity (output per hour of all persons) | Total economy | Private sector | Private sector | Private sector | |||||
Inflation (CPI-U) | Compensation | Compensation | Wages | Wages | Production/ nonsupervisory wages | Compensation* | Wages* | ||
Index: 2000=100 | Index: 1982–1984=100 | Index: 2000=100 | 2012 dollars | ||||||
2000 | 100.0 | 172.2 | 100.0 | 100.0 | 100.0 | N/A | $18.69 | $27.10** | $22.13** |
2007 | 116.0 | 207.3 | 109.4 | 105.5 | 102.4 | $23.22 | 19.30 | 29.04 | 23.24 |
2012 | 124.9 | 229.6 | 110.4 | 105.5 | 101.8 | 23.50 | 19.76 | 28.85 | 23.10 |
Period changes | |||||||||
2000–07 | 16.0% | 20.4% | 9.4% | 5.5% | 2.4% | N/A | 3.3% | 7.2% | 5.0% |
2007–12 | 7.7 | 10.7 | 0.9 | 0.0 | -0.7 | 1.2% | 2.4 | -0.6 | -0.6 |
2000–12 | 24.9 | 33.3 | 10.4 | 5.5 | 1.8 | N/A | 5.7 | 6.5 | 4.4 |
Recovery years | |||||||||
2009–10 | 2.5% | 1.6% | 0.5% | 0.3% | 0.0% | 0.1% | 0.7% | -0.7% | -0.9% |
2010–11 | 0.3 | 3.2 | -1.1 | -1.0 | -1.5 | -1.0 | -1.0 | -1.1 | -1.3 |
2011–12 | 1.0 | 2.1 | 0.2 | -0.2 | -0.3 | -0.2 | -0.6 | -0.2 | -0.1 |
Most recent trends*** | |||||||||
2011–12 | 1.3% | 2.3% | -0.5% | -0.4% | -0.5% | -0.5% | -0.8% | -0.4% | -0.4% |
2012–13 | 0.0 | 1.5 | -0.3 | 0.3 | 0.3 | 0.5 | 0.3 | -0.6 | -0.7 |
* Authors' own calculation of compensation and wages from ECEC data. "Wages" to include pay such as paid leave and supplemental pay to reflect W-2 wages. "Compensation" is adjusted by deflating insurance costs by the CPI-U Medical Care and the non-insurance costs by the CPI-U-RS.
** The ECEC for 2000 only reflects the 1st quarter because ECEC only began collecting data for all four quarters in 2002.
*** Year-over-year growth rates are the change from the 1st half to 1st half, except for the ECEC, which is from the 1st quarter to 1st quarter.
Source: Authors' analysis of the Bureau of Labor Statistics unpublished Total Economy Productivity data, and Consumer Price Index, Employment Cost Index, Current Employment Statistics, and Employer Costs for Employee Compensation public data series
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