Real Earnings (All Employees): Over-the-Year % Change

Average Weekly Earnings  ·  CPI-U  ·  Real AWE (CPI-U)  ·  Real AWE (Shelter-Adjusted)  ·  SA  ·  March 2007 – May 2026

Avg Weekly Earnings (Nominal)
CPI for All Urban Consumers
Real AWE (CPI-U Adjusted)
Real AWE (Shelter-Adjusted)

Chart begins in March 2007 because that is the earliest date for which the BLS reports Average Weekly Earnings for All Employees.

Average Weekly Earnings — Nominal  (Over-the-Year % Change)

Latest
3.75%
2026-05
Prior Month
3.57%
2026-04
1 Year Ago
3.68%
2025-05
Peak
7.53%
2020-05
Trough
0.95%
2009-08

CPI for All Urban Consumers  (Over-the-Year % Change)

Latest
4.17%
2026-05
Prior Month
3.78%
2026-04
1 Year Ago
2.38%
2025-05
Peak
8.98%
2022-06
Trough
-1.96%
2009-07

Real Average Weekly Earnings — CPI-U Adjusted  (Over-the-Year % Change)

Latest
-0.40%
2026-05
Prior Month
-0.20%
2026-04
1 Year Ago
1.27%
2025-05
Peak
7.32%
2020-05
Trough
-3.84%
2022-06

Real Average Weekly Earnings — Shelter-Adjusted  (Over-the-Year % Change)

Latest
0.38%
2026-05
Prior Month
0.27%
2026-04
1 Year Ago
-0.18%
2025-05
Peak
5.77%
2021-01
Trough
-4.11%
2023-03