2 ms·
Are you suggesting something happened in February to change things or just using the most convenient time frame? Data on BLS shows wages going from $26.34 in J
by moorhosj 8y ago
Are you suggesting something happened in February to change things or just using the most convenient time frame?
Data on BLS shows wages going from $26.34 in July 2017 to $27.05 in July 2018 [1]. That is 2.7% wage growth.
CPI data from July 2017 to July 2018 shows 2.9% increase for all items [2].
This is negative real wage growth over the past 12-months. It's also worth keeping in mind that these are average wages, so they would be susceptible to wage movements at the higher-end (as there is no upper-bound).
[1] https://www.bls.gov/news.release/empsit.b.htm https://www.bls.gov/news.release/empsit.b.htm
[2] https://www.bls.gov/news.release/cpi.nr0.htm https://www.bls.gov/news.release/cpi.nr0.htm