Economy

progree

(11,494 posts)

9. Average real (inflation-adjusted) earnings of production and non-supervisory workers

Wed Jan 12, 2022, 02:39 PM

Jan 2022

80% of the workforce

http://data.bls.gov/timeseries/CES0500000032

2021 12 months in 1982-1984 dollars:
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
9.82 9.81 9.76 9.75 9.74 9.68 9.69 9.71 9.73 9.68 9.64 9.66

There's a graph at the above link.

Real earnings are NOT going up, though there was an uptick in December.

By the way, the December inflation was 0.5%,

Still a tick-down in size from October's +0.9%, and November's +0.8%

CPI NEWS RELEASE: https://www.bls.gov/news.release/cpi.nr0.htm

CPI DATA SERIES: https://data.bls.gov/timeseries/CUSR0000SA0
2021 12 months:
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
262.231 263.161 264.793 266.832 268.551 270.981 272.265 273.012 274.138 276.724 278.880 280.192
Nov->Dec:+0.4704% increase ( +5.79% annualized )

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U.S. inflation soared 7% in past year, the most since 1982 [View all] peppertree Jan 2022 OP

And who was president in 1982? Patterson Jan 2022 #1

Well... peppertree Jan 2022 #3

I loved the hyperventilation here 'SOARED', a whole whopping 7%. Sure it's not good, SWBTATTReg Jan 2022 #2

Well said. peppertree Jan 2022 #4

Thank you. You are absolutely right in pointing this out (the hyper-inflation) that are in some... SWBTATTReg Jan 2022 #6

Absolutely. Real growth, even w/ some inflation, is always preferable to stagnant living standards peppertree Jan 2022 #7

Yeah, real gdp is up 5-6% for 2021 -- that's *after* adjusting for inflation unblock Jan 2022 #5

Hear, hear peppertree Jan 2022 #8

Average real (inflation-adjusted) earnings of production and non-supervisory workers progree Jan 2022 #9