Thursday, May 3, 2007

BLS Compensation Report

The latest Bureau of Labor Statistics report on wages and benefits includes these relatively easy to read charts that highlight the employment compensation trends over the past 6+ years. The moderately long time frame makes it easy to detect patterns and compare recent behavior to the situation at the turn of the century.

With the second chart, using the non seasonably adjusted numbers for the percent change over 12 months makes a lot of sense.

The red lines in the 2nd and 3rd charts plot the same metric. The blue line converts those wage gains to constant dollars and makes pretty clear how little this has changed over the past 6 years.

It would have been nice to see the total compensation chart including wages and benefits adjusted to constant dollars.

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