Source: QCEW, Census Bureau. Date of last available data: 1st quarter 2018. Last updated: November 2018.
Average adult earnings were rising since 2011 but decreased in 2016 and 2018. This comes on the heels of a drop that began in 2008 due to the economic downturn.
Wages are defined by the Bureau of Labor Statistics as “straight-time, gross pay, exclusive of premium pay.”
Establishments are defined by the Bureau of Labor Statistics as “the physical location of a certain economic activity, for example, a factory, mine, store, or office. Generally a single establishment produces a single good or provides a single service.” Establishments reported in this data are nonfarm.
Wages help give businesses data on labor costs, which can influence decisions regarding firm location and workforce composition. The number of establishments compared to the average wages provide a picture of the skill level of the workforce.
Green: Year-over-year increase vs. inflation rate of >0.40%
Yellow: Year-over-year increase vs. inflation rate of ±0.40%
Red: Year-over-year decrease vs. inflation rate >0.40%
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