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