Tag Archives: non-supervisory workers

Real average and aggregate non-managerial wages for November  – by New Deal democrat With November’s consumer inflation report in the books, let’s update two of my favorite measures of how the working/middle class is doing – real average non-supervisory wages, and real aggregate payrolls. Nominal average wages for non-supervisory workers rose a strong 0.7% in November. Inflation fell sharply to 0.1%. So real average wages rose 0.6% last...

Real aggregate payrolls and recessions  – by New Deal democrat One of my favorite indicators for the overall economic health of the American working and middle classes is real aggregate payrolls for non-supervisory workers. This is kind of self-explanatory. Rather than measure hourly wages, this is the *total* amount of wages paid to non-supervisory workers, adjusted for inflation. It tends not to be noisy, i.e., there is a lot of signal...