Figure CB

Wage growth is fastest among lower wage workers in every quarter: Real quarterly wage growth by ventile, normal and inverse probability weights, 2020–2021

Percentile March–May
5th 0.3%
10th 0.4%
15th 0.2%
20th 0.0%
25th -0.3%
30th -0.5%
35th -0.7%
40th -0.8%
45th -0.9%
50th -0.9%
55th -0.8%
60th -0.7%
65th -0.5%
70th -0.5%
75th -0.5%
80th -0.6%
85th -0.8%
90th -1.2%
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Percentile June–August
5th 0.5%
10th 0.6%
15th 0.4%
20th -0.1%
25th -0.8%
30th -1.4%
35th -2.2%
40th -2.9%
45th -3.6%
50th -4.2%
55th -4.5%
60th -4.7%
65th -4.9%
70th -5.0%
75th -5.1%
80th -5.0%
85th -5.1%
90th -5.1%
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Percentile September–November
5th 0.4%
10th 0.8%
15th 0.8%
20th 0.7%
25th 0.5%
30th 0.2%
35th -0.1%
40th -0.4%
45th -0.6%
50th -0.8%
55th -1.1%
60th -1.4%
65th -1.7%
70th -1.9%
75th -2.2%
80th -2.4%
85th -2.5%
90th -2.5%
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Percentile December–February
5th 0.7%
10th 1.2%
15th 1.2%
20th 0.9%
25th 0.5%
30th 0.0%
35th -0.6%
40th -1.3%
45th -1.8%
50th -2.2%
55th -2.7%
60th -3.1%
65th -3.4%
70th -3.7%
75th -3.9%
80th -3.9%
85th -3.9%
90th -3.7%
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Notes: March–May compares March 2020–May 2020 wages to March 2021–May 2021 wages. June–August compares June 2020–August 2020 wages to June 2021–August 2021 wages. September–November compares September 2020–November 2020 wages to September 2021–November 2021 wages. December–February compares December 2020–February 2021 wages to December 2021–February 2022 wages. The wage data in each period is compositionally adjusted to the relevant pre-pandemic period; for instance, March—May 2019 composition adjustment for the March 2020—May 2020 and the March 2021—May 2021 wage levels. Wages are adjusted for inflation to February 2022 dollars using CPI-U-RS.

Source: Authors’ analysis of Current Population Survey Outgoing Rotation Group microdata, EPI Current Population Survey Extracts, Version 1.0.27 (2022), https://microdata.epi.org.

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