Has U.S. pay kept up with inflation? Explore interactive charts which show changes in real pay across pay measures, inflation measures, time periods, and job sectors.
The Brookings Institution’s Post
More Relevant Posts
-
📊 Average Hourly Earnings MoM (July) Actual: 0.2%; Forecast: 0.3%; Previous: 0.3% Stock Market Impact Investor Confidence: Slower wage growth may temper investor enthusiasm, particularly in sectors reliant on consumer spending. Inflation Expectations: Lower-than-expected earnings growth can ease inflation concerns, potentially stabilising bond markets. Economic Implications Consumer Spending: Moderate wage growth can limit consumer spending power, impacting overall economic momentum. Monetary Policy: The Federal Reserve may take slower wage growth into account when formulating monetary policy, potentially delaying interest rate hikes. Strategic Considerations for Investors Sector Positioning: Focus on sectors less sensitive to wage growth fluctuations, such as utilities and healthcare. Inflation Hedging: Consider investments that hedge against inflation in case of future wage increases. Stay up-to-date on economic trends with Anahit.ai to make smarter investment decisions. #AverageHourlyEarnings #WageGrowth #EconomicIndicators #InvestorInsight #USEconomy #StockMarket #anahitAI
To view or add a comment, sign in
-
The consumer outlook dimmed in May, reflecting concerns about the labor market, slower wage growth, and persistent inflation worries. Read our expert analysis. #economy #consumersentiment
Consumer sentiment falls to lowest level in 5 months | Our Insights | Plante Moran
plantemoran.com
To view or add a comment, sign in
-
🇺🇸Positive updates for the U.S. economy, potentially offering the #Fed some relief following its 50 bp rate cut last week. ️1️⃣ Jobless Claims📈: Weekly data shows a drop in initial jobless claims to 219,000, the lowest since May, signaling an improved labor market. 🔗https://t.co/drDeeUFNZF 2️⃣ Manufacturing Resilience: Regional manufacturing surveys from the Philadelphia and New York Feds show improvements in activity, with the NY Empire State Manufacturing Index reaching its highest level since April 2022. 🔗https://t.co/hbaIe1N75T 3️⃣ Wage Growth Stability: Wage growth has stabilized, with a recent increase to 3.4% in August, according to Indeed's wage tracker, which could support consumer spending growth. 🔗https://t.co/GCAhKRht2X 4️⃣ U.S. GDP Estimate Revised Upward: Recent improvements in economic data have led to the Atlanta GDPNow forecast revising the Q3 annualized growth rate to 2.9%. 🔗https://t.co/Za13XV0T0G ---- ✨ Start your 7-day FREE trial today to gain full access to comprehensive insights and tools: https://pse.is/6fej8u 👉 Join our Telegram for more updates 🆓: https://t.me/macromicro_en
To view or add a comment, sign in
-
Here’s a look at the key findings from the Q2 2024 U.S. weekly earnings report: U.S. Bureau of Labor Statistics 🔹 Median Weekly Earnings: Workers earned a median of $1,143 weekly, reflecting a 3.9% increase year-over-year, which outpaced the CPI-U inflation increase of 3.2%. 🔹 Age and Occupation Factors: Higher earnings were noted in management and professional roles, and earnings generally increased with age and educational attainment. #LaborMarket #WageTrends #UpendoStaffing #LoveWhatYouDo
To view or add a comment, sign in
-
Here’s a look at the key findings from the Q2 2024 U.S. weekly earnings report: U.S. Bureau of Labor Statistics 🔹 Median Weekly Earnings: Workers earned a median of $1,143 weekly, reflecting a 3.9% increase year-over-year, which outpaced the CPI-U inflation increase of 3.2%. 🔹 Age and Occupation Factors: Higher earnings were noted in management and professional roles, and earnings generally increased with age and educational attainment. #LaborMarket #WageTrends #UpendoStaffing #LoveWhatYouDo
To view or add a comment, sign in
-
Last week brought more evidence of a slowing U.S. #economy and still-sticky inflation. First-quarter GDP growth was revised downward to 1.3%, driven by lower-than-expected consumer spending, while the core PCE price index for April was in line with forecasts but remained higher than the Fed’s target. This coming Wednesday we should see further signs of economic deceleration when the Institute for Supply Management releases its monthly index of service-sector activity, recently hovering just below the 50 line separating expansion from contraction. The crown jewel of data releases comes on Friday with the Labor Department’s employment report for May. Consensus estimates call for monthly #payrolls to increase by about 175K, but we wouldn’t be surprised if the total comes in lower than that, as it did in April. In addition to the job creation tally, we’ll be keeping a close eye on wage inflation, which moderated in April, and government hiring, which slowed significantly. For more on our views about the economy and #markets, subscribe to my weekly market commentary: https://lnkd.in/gSduisBi #Litrendingtopics
To view or add a comment, sign in
-
What's going on with interest rates? Where are we headed? Just look at the data... 📊 Market Insights & Economic Analysis - June 10, 2024 🚀 Reflecting on current market dynamics and recent labor data, some concerning discrepancies exist. Despite the headline Non-Farm Payroll (NFP) showing a gain of 272k jobs, the Unemployment Rate (UR) survey indicated a loss of 456k jobs. The healthcare and government sectors accounted for 46% of the NFP gains, while full-time jobs reportedly dropped by 625k. Surprisingly, 85% of the job gains were based on estimates, a practice that previously led to overstating job gains by nearly 800k in 2023. 🏋️♂️ The discrepancy between survey-based data and actual data is notable, with the Quarterly Census Employment and Wages (QCEW) showing significantly fewer jobs than the headline NFP. What's going on with interest rates? 📉 Powell's dilemma is whether to trust the inflated headline numbers or to consider the potential for a weakening labor market. The upcoming FOMC meeting and CPI data will be crucial in shaping the economic outlook. Will there be an interest rate cut at the upcoming FOMC meeting? Stay tuned for more insights and the latest updates on the economic landscape! #Economics #MarketAnalysis #LaborData #FOMC #NFP #InterestRates #EconomicOutlook
To view or add a comment, sign in
-
NY Fed economists have unveiled a new tool to gauge wage growth persistence: the Trend Wage Inflation (TWI). Currently clocking in at 5%, TWI significantly overshoots the Federal Reserve's 2% inflation target. Key Insights: 1. Steady Climb: The trend remained stable between 2019 and 2020. However, it surged dramatically at the dawn of 2021, nearly doubling over the year. A substantial portion of the wage growth in 2021 exhibits remarkable persistence. 2. Peaks and Plateaus: The model hints that the trend peaked in early 2022, but by mid-2023, it flattened out and has since remained stagnant. More importantly, Wage growth might continue to outpace pre-pandemic levels for the next few months. The economists employ a framework that combines worker-level data with time series filtering techniques. By dissecting industry-level year-on-year wage growth from employment surveys, they tease out a persistent and noise components. This innovative measure offers forward-looking insights into traditional wage growth metrics. Several regional Fed presidents are set to address various forums this week. Their likely message? Temper your rate cut expectations in 2024. #economy #wage #Inflation #credit #banks #cu #creditunions
To view or add a comment, sign in
-
[Key Trends in the Aug 2024 Personal Income and Outlays Report] The latest data from the U.S. Bureau of Economic Analysis reveals important insights on the U.S. economy 1. Slowdown in Income Growth: Personal Income(PI) continues to rise but at a slower pace, especially in wage growth. This indicates that the impact of wage inflation is diminishing as the labor market cools. 2. Disposable Personal Income(DPI) Growth Slowing: The slower increase in DPI points to weaker future consumer spending potential. With less money available for spending after taxes, the slowdown in DPI growth could signal lower economic momentum on the demand side, as households may reduce their consumption. 3. Fluctuations in Personal Income receipts on Assets - Interset income : Driven by Fed polices, with slower growth as rates stabilize - Dividend Income : Driven by corporate performance and economic conditions, with continuous slower growth 4. Personal Consumption Expenditures (PCE) have slowed, in goods spending, which fell in Aug and slowing service spending. It may reflect broader economic caution and weakened consumer confidence. The combination of these trends suggests a softening in economic momentum, highlighting the importance of closely monitoring demand-side factors in the coming months # PCE, DPI, PI
To view or add a comment, sign in
220,783 followers