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- Real wage growth between 2019 and 202312:
- Real average hourly earnings increased 1.1 percent from February 2023 to February 20243.
- Real average hourly earnings of all employees increased 0.2 percent from May 2022 to May 20234.
- Real weekly earnings for the median worker grew 1.7 percent between 2019 and 20231.
- Hourly wage growth was strongest at the bottom of the wage distribution, with the 10th-percentile real hourly wage growing 12.1% over the four-year period2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Real weekly earnings for the median worker grew 1.7 percent between 2019 and 2023. This means that one week of pay for the median worker now buys more than a week of pay did in 2019, despite higher prices.home.treasury.gov/news/featured-stories/the-purch…Between 2019 and 2023, hourly wage growth was strongest at the bottom of the wage distribution. The 10th-percentile real hourly wage grew 12.1% over the four-year period. To be clear, these are real (inflation-adjusted) wage changes. Overall inflation grew nearly 20%, or about 4.5% annually, between 2019 and 2023.www.epi.org/publication/swa-wages-2023/Real average hourly earnings increased 1.1 percent, seasonally adjusted, from February 2023 to February 2024. The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period.www.bls.gov/news.release/realer.htmReal average hourly earnings of all employees increased 0.2 percent from May 2022 to May 2023. Real earnings are earnings that have been adjusted for changes in consumer prices.www.bls.gov/opub/ted/2023/real-average-hourly-ea… - People also ask
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