August Real Average Hourly Earnings Nowcasted
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With August hourly earnings and nowcasted August CPI:
Figure 1: Average hourly wage in 2025$ using CPI-all urban (blue), using CPI for wage earners and clerical workers (red). August deflated using Cleveland Fed nowcast. Source: BLS, Cleveland Fed, and author’s calculations.
Figure 1: Average hourly wage in 2025$ using CPI-all urban (blue), using CPI for wage earners and clerical workers (red). August deflated using Cleveland Fed nowcast. Source: BLS, Cleveland Fed, and author’s calculations.
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