The economy added 225,000 jobs in January, showing continued strength

[progree]

48. Real weekly earnings: Obama last 3y: +4.50%, Trump's 3y: +3.18%, Last 12 mo: +0.15%

Last edited Fri Feb 14, 2020, 09:03 PM - Edit history (2)

Real (meaning inflation-adjusted) average weekly earnings of production and non-supervisory workers:
http://data.bls.gov/timeseries/CES0500000031

. . Obama's last 3 years: +4.50%, Trump's 3 years: +3.18%, Last 12 months: +0.15%

The above on an annualized basis:

. . Obama's last 3 years: 1.48%/yr, Trump's 3 years: 1.05%/yr, Last 12 months: 0.15%/yr

The CPI for January came out today, February 13, and so the BLS updated the inflation-adjusted earnings series today.

What's odd is that pretty much ever since Trump has been president, the media has been talking about the tightening labor market and wages finally rising. Well, the figures show a wage slowdown compared to Obama's last 3 years.

Here's the hourly version for those who prefer that:

Real (meaning inflation-adjusted) average hourly earnings of production and non-supervisory workers:
http://data.bls.gov/timeseries/CES0500000032

. . Obama last 3y: +4.20%, Trump's 3y: +3.16%, Last 12 mo: +0.75%
. . The above on an annualized basis:
. . . . Obama's last 3 years: 1.38%/yr, Trump's 3 years: 1.04%/yr, Last 12 months: 0.75%/yr

The nominal dollar, aka current aka greenbacks version (raw, not adjusted for inflation, but seasonally adjusted)
. . weekly: http://data.bls.gov/timeseries/CES0500000030
. . hourly: http://data.bls.gov/timeseries/CES0500000008

EDITED to add the real average HOURLY earnings numbers
EDITED to add the annualized figures (percent per year)
Note to myself: TwentyAAH misca