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PrintApril 24, 2010
Graph of the Day for April 24, 2010
"And when it comes to domestic policy, I have no more important a job as President than seeing to it that every American who wants to work and is able to work can find a job -- and a job that pays a living wage. (Applause.) That was my focus last year and that is my focus this year: to lay a foundation for economic growth that will create jobs, that raises incomes, that will foster a secure economic future for middle class families." President Obama, March 2, 2010.
Average Hourly Earnings Over Last Year, Manufacturing
Average Hourly Earnings Over Last Year, Total Private Sector
Hoven's Index for April 24, 2010
Annualized growth rate of average hourly earnings:
Over Bush's terms (Jan 2001 to Jan 2009): +3.2%/yr
Over Bush's last year (Jan 2008 to Jan 2009): +3.8%/yr
Over Obama's first year (Jan 2009 to Jan 2010): +2.6%/yr
Over last two months (Jan 2010 to Mar 2010): 0.0%/yr
Over last month: -1.3%/yr
Source: St. Louis Fed, AHETPI series.
Graph of the Day Archive.
