Key Points:
- Median wage growth ticked up 3.7 percent in December, according to the Atlanta Fed Wage Tracker.
- The largest growth has been among the lowest 25 percent of income earners, who experienced wage growth of 4.6 percent in December.
- Since December 2016, wage growth for this group has averaged 4.1 percent.
ECONOMIST CORNER:
The lowest 25 percent of income earners have benefited the most from the tightening labor market. With workers more scare, employers have bid up their wage rate contributing to the largest wage increases among all income groups. Income growth among the lowest income workers has now outpaced that for all other groups for 55 months.