Labor Earnings Growth
Measures of labor earnings growth are quite sensitive to differences in definition and method. In the past several years, average real hourly earnings growth from the Labor Department’s Current Employment Statistics (CES) data series has increased, while real hourly compensation growth, which includes benefits, has decreased. Even when both series are deflated by the CPI-U, trend differences remain.
Suggested citation: "Labor Earnings Growth," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-08, pp. 13, 08.01.2002.