REAL WAGES: SINCE JANUARY 2021, IN DECLINE

[infogram id=”471a5308-8cf5-4e49-b3e9-af76f6cbc5ad” prefix=”CEz” format=”interactive” title=”REAL AVERAGE HOURLY EARNINGS 03092022″]

Key Points:

  • Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work.
  • Despite trending up between January 2017 and January 2021, real wages have trended down since January 2021.
  • Real average hourly earnings have fallen from $32.16 in February 2021 to $31.33 in February 2022, a 2.6% decrease.
Source BLS