The Atlanta Fed's macroblog provides commentary and analysis on economic topics including monetary policy, macroeconomic developments, inflation, labor economics, and financial issues.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
February 23, 2017
More Ways to Watch Wages
The Atlanta Fed's Wage Growth Tracker slipped to 3.2 percent in January from 3.5 percent in December. The Wage Growth Tracker for women was 3.1 percent in January, down significantly from what we saw in late 2016, when gains topped 4 percent. For men, the January reading was 3.4 percent, very close to its average for the past 12 months. As I noted last month, I did not think the unusually high female wage growth was sustainable, and that proved to be the case. Since 2009, the Wage Growth Tracker for women has averaged about 0.3 percentage points below that for men—the same as the gap in the latest data.
Understanding why the Wage Growth Tracker slowed last month highlights the importance of being able to look beyond the top-line number. To provide Wage Growth Tracker users with more information, we have now added several additional cuts of the data to the Wage Growth Tracker web page. The amount of detail we can provide is limited by sample size considerations, and as a result, the additional data are reported as 12-month moving averages. The new data provide more detailed age, race, education, and geographic comparisons, as well as comparisons across broad categories of occupation, industry, and hours worked. As an example, here is a look at the (12-month average) median wage growth data for those who usually work full-time versus those who usually work part-time.
Have fun with these new tools, and we encourage you to comment and let us know what you think.
- When Health Insurance and Its Financial Cushion Disappear
- What Is the "Right" Policy Rate?
- Is Poor Health Hindering Economic Growth?
- Behind the Increase in Prime-Age Labor Force Participation
- An Update on Labor Force Participation
- Another Look at the Wage Growth Tracker's Cyclicality
- GDPNow's Second Quarter Forecast: Is It Too High?
- Are Small Loans Hard to Find? Evidence from the Federal Reserve Banks' Small Business Survey
- Slide into the Economic Driver's Seat with the Labor Market Sliders
- The Fed’s Inflation Goal: What Does the Public Know?
- September 2017
- August 2017
- July 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit
- Wage Growth