This chart shows the average hourly earnings of workers.
It’s a measure of how much money an employee earns per hour, including extra money for working overtime or late shifts.
The data is collected each month and used by experts to understand trends in the economy.
However, some changes in this measure can be caused by changes in the group of workers being observed, not just by changes in earnings.
That means that in some cases, when there’s a recession and many people lose their lower-paying jobs, the average hourly earnings can increase even if workers aren’t actually earning more money.
The data does not include benefits, bonuses, or taxes paid by the employer.