May 2, 2025
Average hourly earnings rose 0.2% in April to $36.06 after having risen 0.3% in March. Earnings growth in the past year has been 3.8%.
While nominal earnings have risen 3.8% in the past year, inflation has risen fairly quickly and real or inflation-adjusted earnings have risen only 1.4% in that same period of time which is roughly the same growth rate in real earnings that existed prior to the recession.
Average weekly earnings rose 0.2% in April to $1,236.86 after having risen 0.5% in March. In the past year weekly earnings have risen 4.1%.
Stephen Slifer
NumberNomics
Charleston, SC
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