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progree

(10,884 posts)
26. real avg hourly earnings of production and non-supervisory workers also down 0.2%
Thu Jun 10, 2021, 05:42 PM
Jun 2021
https://data.bls.gov/timeseries/CES0500000032
(click link to see graph as well as table)

Monthly real average hourly earnings of production and supervisory workers (also down 0.2% in May from April)
In 1982-1984 dollars (i.e. inflation-adjusted)
2018: 9.21 9.20 9.23 9.23 9.23 9.24 9.26 9.27 9.28 9.27 9.32 9.39
2019: 9.40 9.41 9.39 9.37 9.41 9.43 9.44 9.47 9.48 9.47 9.47 9.47
2020: 9.47 9.50 9.61 10.09 10.04 9.89 9.79 9.80 9.77 9.77 9.79 9.85
2021: 9.82 9.81 9.76 9.76 9.74

May 2021 over May 2019: (9.74/9.41-1)*100% = 3.507% or 3.51%, which comes to 1.74%/year
after inflation.

(1.03507^(1/2)-1)*100% = 1.74%/year

Often happens have a spike upward during and soon after a crash as the first hired first fired get laid off first. Additionally in this pandemic, it was generally poorly paid hospitality industry employees that were disproportionately laid off in large numbers.

Very sharp rise from March to April 2020 (from 9.61 to 10.09), and then drifting generally down ever since, but still above 2 year ago levels.

========================================
Current dollar numbers :
https://data.bls.gov/timeseries/CES0500000008
$25.60 in May 2021

Another link: mahatmakanejeeves Jun 2021 #1
From the source: mahatmakanejeeves Jun 2021 #2
CPI data series. 3.00% annualized increase since pre-pandemic Feb 2020 high point progree Jun 2021 #7
Corrected [See below] mathematic Jun 2021 #13
Thank you, Progree and Mathematic for breaking it down. Bucky Jun 2021 #20
Showing that 3.758% over 15 months is 3.00% annualized. And 5.16% over 2 years progree Jun 2021 #22
Oh wow, I need to use my calculator more mathematic Jun 2021 #23
And thank you. I'll fix my original post #7 in a minute or two /nt progree Jun 2021 #24
This message was self-deleted by its author CountAllVotes Jun 2021 #8
real avg hourly earnings of production and non-supervisory workers also down 0.2% progree Jun 2021 #26
Common problem here in Australia too. Aussie105 Jun 2021 #3
No, they're definitely higher than any Trump-years prices Bucky Jun 2021 #21
Despite bottoming out, aggregate consumer incomes are flagging and unable to support bucolic_frolic Jun 2021 #4
Once Again, Misleading... GB_RN Jun 2021 #5
This message was self-deleted by its author CountAllVotes Jun 2021 #9
Lockdowns eased up pretty fast IronLionZion Jun 2021 #6
Yeah, we gave up booking a trip till next year oldsoftie Jun 2021 #18
so, will SS payments be increased by 5%? no, I didn't think so, but hey maybe the repukes yaesu Jun 2021 #10
They already determined our SS increase for this year, gab13by13 Jun 2021 #12
It was somewhere around that. I was surprised. George II Jun 2021 #15
Yes, it will. It's based off of this very BLS inflation report mathematic Jun 2021 #16
And my raise for the next fiscal year will most likely be....1.5% hibbing Jun 2021 #11
Comparing last May to this May is a little misleading. Last year prices were flat or in some areas.. George II Jun 2021 #14
May 2021 over May 2019: 2.55%/year. May 2021 over Feb 2020: 3.00% annualized progree Jun 2021 #25
Inflation is going to be an issue & they better realize it oldsoftie Jun 2021 #17
Stop the spiral,,,, Cryptoad Jun 2021 #19
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