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ECONOMIC RESEARCH I N D I C ATO R S A N D DATA Wage Rigidity Meter The statistics on this page offer a closer examination of the annual wage changes of U.S. workers that have not changed jobs over the year. They include graphs of the fraction of workers receiving a wage change of zero in several demographic subgroups of the U.S. labor force, as well as a histogram showing all of the reported wage changes among these workers in the last four quarters. The data for these statistics are drawn from a matched Current Population Survey dataset (see Daly, Hobijn, Wiles 2011 for details on the matching procedure). The Current Population Survey is a monthly nationally representative survey conducted by the Bureau of Labor Statistics. The summary statistics on this page will be updated on a quarterly frequency. The above chart displays the percentage of workers who saw no change in their wage over the past year. This statistic is calculated for all workers, for workers paid at an hourly rate, and for non-hourly workers. Estimates of the percent of workers with a rigid wage in time series charts are averages of monthly rates taken over a 12-month period. In the histogram and the table below, all observations over a 12-month period are pooled and then used to calculate the percent of rigid wages. Estimates from these two methods may differ very slightly. The above chart displays the percentage of workers with various levels of educational attainment who saw no change in their wage over the past year. Estimates of the percent of workers with a rigid wage in time series charts are averages of monthly rates taken over a 12-month period. In the histogram and the table below, all observations over a 12-month period are pooled and then used to calculate the percent of rigid wages. Estimates from these two methods may differ very slightly. The above chart displays the percentage of workers in the construction, finance, and manufacturing industries who saw no change in their wage over the past year. Estimates of the percent of workers with a rigid wage in time series charts are averages of monthly rates taken over a 12-month period. In the histogram and the table below, all observations over a 12-month period are pooled and then used to calculate the percent of rigid wages. Estimates from these two methods may differ very slightly. Displayed is a histogram of reported wage changes over the past year for U.S. workers that have not changed jobs throughout the year. This histogram is overlaid with a normal distribution centered at the median reported wage change. Estimates of the percent of workers with a rigid wage in time series charts are averages of monthly rates taken over a 12-month period. In the histogram and the table below, all observations over a 12-month period are pooled and then used to calculate the percent of rigid wages. Estimates from these two methods may differ very slightly. Distribution of Nominal Wage Changes D Diiffffeerreennccee ooff lloog gw wa ag gee ffrroom m oonnee yyeea arr p prriioorr 2255tthh PPeerrcceennttiillee 2021Q1: -0.010 2021Q2: -0.015 2021Q3: -0.018 2021Q4: -0.011 2022Q1: -0.005 M Meed diia ann 2021Q1: 0.030 2021Q2: 0.028 2021Q3: 0.027 2021Q4: 0.031 2022Q1: 0.038 7755tthh PPeerrcceennttiillee 2021Q1: 0.123 2021Q2: 0.119 2021Q3: 0.118 2021Q4: 0.123 2022Q1: 0.136 PPeerrcceenntta ag gee ooff w woorrkkeerrss rreep poorrttiinng ga aw wa ag gee cchha anng gee ooff zzeerroo 2021Q1: 13.98 2021Q2: 14.23 2021Q3: 14.35 2021Q4: 13.78 2022Q1: 13.18 Re fe r e n c e s Daly, Mary C., Bart Hobijn, and Brian Lucking. 2012. Why Has Wage Growth Stayed Strong? FRBSF Economic Letter 2012-11 (April 2). Daly, Mary C., Bart Hobijn, and Theodore S. Wiles. 2011. Dissecting Aggregate Real Wage Fluctuations: Individual Wage Growth and the Composition Effect FRBSF Working Paper 2011-23. Nominal Wage Rigidity Data Release (Excel document, 67 kb) Find out when data are updated through our Twitter page: Twitter for SF Fed Contact Olivia.Lofton (at) sf.frb.org
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