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Your first query is simply real wages. There are several real wage metrics in the bls data set. Here is a commonly referenced one: https://fred.stlouisfed.org/s
by kasey_junk 1y ago
Your first query is simply real wages. There are several real wage metrics in the bls data set. Here is a commonly referenced one: https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
Your second query is more subjective. Most people would probably point you at the U6 underemployment number as that’s the most famous one. I like the employment projections series for this kind of question though
https://www.bls.gov/emp/ https://www.bls.gov/emp/
- noslenwerdna 1y agoFor the second one I was hoping there was something like employment satisfaction, but thank you!
- kasey_junk 1y agohttps://www.bls.gov/nls/ https://www.bls.gov/nls/ The longitudinal survey asks some job satisfaction questions though I’ve never tried to look for it by education level.
- twoodfin 1y agoThat real weekly wage data is basically why Trump almost and then did get reelected in one chart.
- shusaku 1y agoThe more I look at that chart the stranger it gets. It feels like a good case for concluding CPI isn’t calculated properly
- twoodfin 1y agoWhy?
- gruez 1y agoIf you're talking about the spike in Q1 2020, there's nothing weird going on. That's from all the service workers getting laid off, which bumps up the average because they're typically lower paid, and no longer drag down the "employed" average.
- vitorgrs 1y agoAlso, does it count the COVID checks?
- gruez 1y ago>The usual weekly earnings data reflect only wage and salary earnings from work, not gross income from all sources. These data do not include the cash value of benefits such as employer-provided health insurance. https://www.bls.gov/cps/definitions.htm#earnings https://www.bls.gov/cps/definitions.htm#earnings