The median annual growth in hourly wage and salary earnings of continuously employed workers in 2015 was 3.1% — up from 2.5% in 2014 and 2.2% in 2013, according to the Federal Reserve Bank of Atlanta’s Wage Growth Tracker.
Wage growth of workers employed for at least 12 months appears to be trending higher, but it varies on job type. For those in part-time jobs, the WGT was 1.9% in 2015, versus 3.3% for those in full-time jobs. The part-time/full-time wage growth gap has closed somewhat in the last couple of years but is still large relative to its size before the Great Recession.
WGT also varies across occupations. Notably, after lagging during most of the recovery, median wage growth in low-skill occupations increased 2.8% in 2015, versus 2.0% in 2014 and compared to 3.2 and 2.7% for other occupations in 2015 and 2014, respectively.
The improvement in wage growth for low-skill occupations seems mostly attributable to full-time workers; wage growth for people in low-skill jobs working part-time was about half that (1.6% versus 3.0%) of those working full-time.