In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q1 2025 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Wages In the Euro Area increased 3.40 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Germany increased 2.50 percent in December of 2024 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Unweighted Median Hourly Wage Growth: Overall (FRBATLWGTUMHWGO) from Jan 1997 to May 2025 about growth, wages, median, and USA.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Stayer (FRBATLWGT12MMUMHWGJST) from Dec 1997 to May 2025 about growth, moving average, 1-year, jobs, average, wages, median, and USA.

Japan recorded the lowest growth rate in average wages of the three advanced major economies included here over recent years. After an increase in wage growth around June and July 2024, the wage growth of Japan fell by around three percent in January 2025.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Type of Pay: Paid Hourly (FRBATLWGT12MMUMHWGTPPH) from Dec 1997 to May 2025 about growth, moving average, paid, 1-year, average, hours, wages, median, and USA.

Graph and download economic data for 3-Month Moving Average of Weighted Median Hourly Wage Growth: Weighted 1997 Overall (FRBATLWGT3MMAWMHWGW97O) from Mar 1997 to May 2025 about growth, moving average, 3-month, average, wages, median, and USA.

Wages in Russia increased 0.10 percent in March of 2025 over the same month in the previous year. This dataset provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Slovenia increased 7.03 percent in March of 2025 over the same month in the previous year. This dataset provides - Slovenia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

Wages in Netherlands increased 5.30 percent in May of 2025 over the same month in the previous year. This dataset provides - Netherlands Hourly Wage Growth YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth for the New England Census Division (FRBATLWGT12MMUMHWGNECD) from Dec 1997 to May 2025 about New England Census Division, growth, moving average, 1-year, average, wages, median, and USA.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Wage Distribution: 1st to 25th Wage Percentile (FRBATLWGT12MMUMHWGWD1WP) from Dec 1997 to May 2025 about growth, moving average, 1-year, percentile, average, wages, median, and USA.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: MSA Area (FRBATLWGT12MMUMHWGMSA) from Dec 1997 to May 2025 about growth, moving average, 1-year, average, wages, median, and USA.

Wages in Iceland increased 4.30 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Iceland Real Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Switcher (FRBATLWGT12MMUMHWGJSW) from Dec 1997 to May 2025 about growth, moving average, 1-year, jobs, average, wages, median, and USA.

Graph and download economic data for 3-Month Moving Average of Unweighted Median Hourly Wage Growth: Wage Distribution: 51st to 100th Wage Percentile (FRBATLWGT3MMAUMHWGWD51WP) from Mar 1997 to May 2025 about growth, moving average, percentile, 3-month, average, wages, median, and USA.

In 2024, real wages in Japan dropped by 0.3 percent, declining for the third consecutive year. In the past decade, the sharpest decline in real wages of establishments with five or more employees was recorded in 2014 at 2.8 percent.