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Key labor market indicators and living-standards benchmarks, 2000–2011 (2011 dollars)

Worker hourly wages
Payroll employment Unemployment rate Labor force participation rate Working-age employment-to-population ratio Median household income* Working-age median family income* 10th percentile Median 95th percentile Total economy productivity
2000 131,785 4.0 67.1 81.5 $54,851 $69,233 $8.24 $15.99 $45.44 $49.62
2007 137,598 4.6 66.0 79.9 $54,499 $68,893 $8.45 $16.40 $49.39 $57.22
2011 131,359 8.9 64.1 75.1 $51,014** $63,967** $8.16 $16.07 $49.74 $60.83
Change***
2000–2007 0.6% 0.6 ppts. -1.1 ppts. -1.6 ppts. -0.1% -0.1% 0.4% 0.4% 1.2% 2.1%
2000–2011 0.0% 4.9 -3.0 -6.4 -0.7** -0.7** -0.1% 0.0% 0.8% 1.9%

* Data are for money income.

** Data are for 2010 (top panel) and 2000–2010 (bottom panel) due to data limitations.

*** Percent change numbers are annualized rates; percentage-point change numbers are cumulative change.

Source: Authors' analysis of Current Population Survey (CPS) public data series, CPS ASEC microdata and Historical Income Tables (Table H-5), CPS-ORG microdata, BLS Current Employment Statistics, and unpublished Total Economy Productivity data from BLS Labor Productivity and Costs program

Updated August 1, 2012

Documentation and methodology

Underlying data are from the Current Population Survey (CPS) public data series; the CPS Annual Social and Economic Supplement microdata and Historical Income Tables Table H-5, “Race and Hispanic Origin of Householder–Households by Median and Mean Income: 1967 to 2010”; CPS Outgoing Rotation Group microdata (see Appendix B for details on CPS-ORG microdata); the Bureau of Labor Statistics Current Employment Statistics; and unpublished Total Economy Productivity data from the Bureau of Labor Statistics Labor Productivity and Costs program.

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