Year-over-year change in private-sector nominal average hourly earnings, 2007–2014

CES, all private ECI, wages and salaries ECI, total compensation
2007-03-01 3.6427146% 3.5749752% 3.1746032%
2007-04-01 3.3234127%
2007-05-01 3.7257824%
2007-06-01 3.8575668% 3.3431662% 3.1465093%
2007-07-01 3.4482759%
2007-08-01 3.5433071%
2007-09-01 3.2337090% 3.4146341% 3.1219512%
2007-10-01 3.2778865%
2007-11-01 3.3203125%
2007-12-01 3.1113272% 3.2945736% 3.0038760%
2008-01-01 3.1067961%
2008-02-01 3.0464217%
2008-03-01 3.0332210% 3.1639501% 3.1730769%
2008-04-01 2.8324532%
2008-05-01 3.0172414%
2008-06-01 2.6666667% 3.1398668% 2.9551954%
2008-07-01 3.0000000%
2008-08-01 3.2794677%
2008-09-01 3.2747983% 2.9245283% 2.8382214%
2008-10-01 3.3159640%
2008-11-01 3.5916824%
2008-12-01 3.6303630% 2.6266417% 2.4459078%
2009-01-01 3.5310734%
2009-02-01 3.4725481%
2009-03-01 3.1775701% 2.0446097% 1.8639329%
2009-04-01 3.2212885%
2009-05-01 2.8358903%
2009-06-01 2.7365492% 1.5682657% 1.4814815%
2009-07-01 2.5889968%
2009-08-01 2.4390244%
2009-09-01 2.2977941% 1.3748854% 1.1959522%
2009-10-01 2.3383769%
2009-11-01 2.0529197%
2009-12-01 1.8198362% 1.2797075% 1.1937557%
2010-01-01 1.9554343%
2010-02-01 1.8140590%
2010-03-01 1.7663043% 1.4571949% 1.6468435%
2010-04-01 1.7639077%
2010-05-01 1.8987342%
2010-06-01 1.7607223% 1.6348774% 1.9160584%
2010-07-01 1.8476791%
2010-08-01 1.7070979%
2010-09-01 1.8867925% 1.6274864% 2.0000000%
2010-10-01 1.8817204%
2010-11-01 1.6540009%
2010-12-01 1.7426273% 1.8050542% 2.0871143%
2011-01-01 1.9625335%
2011-02-01 1.8262806%
2011-03-01 1.8246551% 1.6157989% 1.9801980%
2011-04-01 1.9111111%
2011-05-01 2.0408163%
2011-06-01 2.1295475% 1.6979446% 2.3276634%
2011-07-01 2.2566372%
2011-08-01 1.9434629%
2011-09-01 1.9400353% 1.6903915% 2.1390374%
2011-10-01 2.1108179%
2011-11-01 2.0228672%
2011-12-01 1.9762846% 1.5957447% 2.2222222%
2012-01-01 1.7060367%
2012-02-01 1.9247594%
2012-03-01 2.1416084% 1.8551237% 2.1182701%
2012-04-01 2.0497165%
2012-05-01 1.7826087%
2012-06-01 1.9548219% 1.8453427% 1.8372703%
2012-07-01 1.7741238%
2012-08-01 1.8630849%
2012-09-01 1.9896194% 1.8372703% 1.9197208%
2012-10-01 1.4642550%
2012-11-01 1.8965517%
2012-12-01 2.1102498% 1.7452007% 1.8260870%
2013-01-01 2.1505376%
2013-02-01 2.1030043%
2013-03-01 1.8827557% 1.7346054% 1.9014693%
2013-04-01 1.9658120%
2013-05-01 2.0504058%
2013-06-01 2.1729868% 1.8981881% 1.8900344%
2013-07-01 1.9132653%
2013-08-01 2.2118248%
2013-09-01 2.0356234% 1.8041237% 1.8835616%
2013-10-01 2.2495756%
2013-11-01 2.1573604%
2013-12-01 1.9401097% 2.0583190% 1.9641332%
2014-01-01 1.9789474%
2014-02-01 2.1017234%
2014-03-01 2.1419572% 1.7050298% 1.6963528%
2014-04-01 1.9698240%
2014-05-01 2.0510674%
2014-06-01 1.9599666% 1.8628281% 2.0236088%
2014-07-01 2.0442219%
2014-08-01 2.1223471%
2014-09-01 1.9950125% 2.2784810% 2.2689076%
2014-10-01 1.9510170%
2014-11-01 1.9461698%
2014-12-01 1.6549441% 2.1848739% 2.3450586%

Nominal wage growth consistent with the Federal Reserve Board's 2 percent inflation target, 1.5 percent productivity growth, and a stable labor share of income.

Source: EPI analysis of Bureau of Labor Statistics Current Employment Statistics (CES) public data series and Bureau of Labor Statistics Employment Cost Index (ECI)

View the underlying data on epi.org.