REAL WAGES CONTINUE TO DECLINE SINCE JANUARY 2021, DOWN 3.6% IN LAST YEAR

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 $33.27 in June 2021 to $32.08 in June 2022, a 3.6% decrease.
Source BLS