A reader complains that present information on median actual wages will not be accessible in a well timed method (in comparison with common actual wages). What does this supposedly suppressed information say concerning the evolution of actual wages?
Determine 1: Annual development in common hourly earnings within the non-agricultural personal sector (in blue) and within the median hourly wage (in pink), all deflated by the general CPI. The median is the 3-month shifting common of year-over-year development charges. The NBER has outlined peak-to-trough recession dates as shaded. Supply: BLS, Atlanta Fed Salary TrackerNBER and writer’s calculations.
Notice that the Atlanta Fed calculations for April 2023 information had been launched yesterday (Might 11, 2023). I believe it is fairly well timed.