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Tuesday, March 31, 2020
HomeNewsEconomyWages Have Risen By at Least 3% for 18 Straight Months

Wages Have Risen By at Least 3% for 18 Straight Months

People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

Wage Growth in January Ticks Higher, December Revised Higher

Wages, or average hourly earnings (AHE) increased by 3.1% over the last 12 months in January and have risen by at least 3% for 18 consecutive months. AHEs for all employees rose by 7 cents to $28.44, according to the U.S. Bureau of Labor Statistics (BLS) monthly jobs report.

In December, 12-month wage growth was initially reported at 2.9%, but the reporting period cut off and underestimated the rate of growth. It was revised higher to 3.0%.

“Wages have increased by 3% or more for 18 consecutive months after December revisions and another strong performance in January,” U.S. Secretary of Labor Eugene Scalia said in a statement. “Production and non-supervisory wages increased even faster than managers’, continuing the blue collar boom.”

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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