Thursday, July 29

Atlanta Fed

Atlanta Fed, Economy, Markets, Wage, Wage Growth

Wages are growing, but people who have stayed in the same job for the last year aren’t getting raises

Wages have climbed amid the pandemic, especially in the hard-hit leisure and hospitality industry as some employers boost pay to help fill positions. However, wages really haven't grown that much for employees already in the workforce. Overall, wages have grown during the pandemic, even reporting the fastest rate on one measure since 1983 per Insider's analysis.But despite an increase in pay, current workers aren't seeing that much of a change, based on Atlanta Fed data. The Atlanta Fed wage tracker uses Current Population Survey data to look at changes in hourly earnings of workers. The tracker differs from the average hourly earnings reported each month by the Bureau of Labor Statistics because the data used by the Atlanta ...