Atlanta Fed April wage growth tracker dips to 6.1% from 6.4% in March

The Atlanta Fed is out with a wage growth tracker which has dipped to 6.1% from 6.4% in March.

Economist Jason Furman said that the levels consistent with inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term above 4%, and is higher than other measures of wages.

Looking at the chart, the pre-covid wage data had a ceiling near 4% (3.5% to 4% range). In October 2021, the tracker moved above the 4% ceiling level and has remained above since that time. The high watermark reached 6.7% in July and August 2022. Since peaking the lows have been at 6.1%..

The low is the tied for the lowest since April 2022 when the tracker was at 6.0%.