05/04/2024

Why Americans Aren’t Feeling Wage Gains

Average hourly pay for private-sector workers, adjusted for inflation, was flat in April from a month earlier, the Labor Department said Thursday. Average weekly earnings, also taking into account inflation, fell 0.1% last month.

From a year earlier, real average hourly earnings for private-industry employees edged up just 0.2% in April.

In 2015, hourly earnings had climbed 2.4% annually in April because falling gasoline prices were holding down consumer-price measures. Though real earnings started to gain some momentum in the first half of 2017, the rate of inflation rose in the latter half of the year, keeping real wages in check.

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