Wage Growth after the Great Recession

We show that the sluggishness of nominal wage growth since the Great Recession is due to weak growth in labor productivity and ...

Wage Stagnation in Nine Charts | Economic Policy Institute

When it comes to the pace of annual pay increases, the top 1% wage grew 138% since 1979, while wages for the bottom 90% grew 15%: Cumulative change in real ...

The wage curve after the Great Recession

Nominal wage growth was around 4% at the start of the Great Recession when the unemployment rate was 5%. However, year over year wage growth ...

Chart Book: Tracking the Post-Great Recession Economy

While the post-Great Recession expansion was long, both the economy's average annual growth rate and the typical worker's earnings gains were ...

The Wage Curve After the Great Recession | NBER

They infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, ...

Workers' Paychecks Are Growing More Quickly Than Prices

Most workers' wages are growing more quickly than prices, and the economic recovery following the COVID-19 recession has featured historically strong real wage ...

Revisiting Wage Growth after the Recession

Growth in average hourly earnings (year-over-year) rose from 2.5 percent in December 2015 to 3.3 percent in December 2018. With this ...

The Wage Curve after the Great Recession

The implication is that the reserve army of labor which acts as a break on wage growth extends beyond the unemployed and operates from within ...

The U.S. Labor Market During and After the Great Recession

Measures of productivity growth have declined as well. Perhaps not surprisingly, given the state of investment, productivity, and labor supply, wage growth was ...

Fastest wage growth over the last four years among historically ...

Nominal wages (i.e., not inflation-adjusted) rose by roughly 34% cumulatively since 2019. Across the wage distribution, we see the pace of wage ...

Why Wages Are Finally Rising, 10 Years After the Recession

Average hourly earnings in April were 3.2 percent higher than a year earlier, the ninth straight month in which growth topped 3 percent, the ...

Relationship between Wage Growth and Inflation, One Recession ...

A 2015 blog post showed that both inflation and wage growth remained low in the years following the Great Recession when compared with historical trends.

Unemployment and Earnings Losses: A Look at Long-Term Impacts ...

In the aftermath of the Great Recession, the average duration of unemployment is at its highest level since record-keeping began in 1948. Workers who experience ...

The Post-Recession Labor Market: An Incomplete Recovery

Five years after the Great Recession was declared over, unemployment was ... no evidence of faster wage growth in industries with higher growth in job ...

Wage Adjustment in the Great Recession and Other Downturns

Whereas the unadjusted means indicate that log real wages were 0.020 lower in 2012 than in 2006, the adjusted 2012 year effect is 0.037 less than the 2006 ...

Americans' Wages Are Higher Than They Have Ever Been, and ...

Wages have outpaced inflation since before the COVID-19 pandemic, which means that the earning power of households and communities is ahead of ...

The Disconnect Between Unemployment and Wages

In many cases, employment growth has picked up and headline unemployment rates are now back to their pre-Great Recession ranges. Still, nominal ...

The Great Recession and Its Aftermath - Federal Reserve History

The period known as the Great Moderation came to an end when the decade-long expansion in US housing market activity peaked in 2006 and residential ...

Income Changes over the Business Cycle: Was the Great Recession ...

In contrast, tax increases in the sharp recession of 1979-82 compounded the worsening economic conditions, turning a 5.8 percent decline in median income into a ...

Chart Book: The Legacy of the Great Recession

Inflation was modest as well, but over much of the economic recovery, real (inflation-adjusted) wages hardly grew and they failed to keep up ...