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CEO North America > News > Atlanta Fed: Wages up 4.3% in November

Atlanta Fed: Wages up 4.3% in November

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Atlanta Fed: Wages up 4.3% in November
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The three month moving average of median wage growth in the US was up to levels not seen since the 2008 financial crisis, according to a new report by the Atlanta Federal Reserve.

Between May and November 2021 the three month moving average of median wage growth was up from 3.0% to 4.3%, underlining tight labor markets at the end of the year.

Overall the twelve month moving average in November showed 3.7% wage growth up from 3.5% in July 2021.  

Wage growth in the twelve month moving average was strongest in finance and business services at 3.9% and trade and transportation at 3.8%.  It was weakest in construction and mining and education and health at 3.4%.

Regionally the strongest wage growth was in New England at 4.1% and weakest in the West South Central and South Atlantic census districts at 3.1%.

A notable outlier is that wages for people between 16 and 24 years of age were by 10.1% compared to 3.8% for people between the ages of 25 and 54.

By Staff

Tags: Atlanta FedNovemberWages 4.3

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