Journal Article

How Has Real Wage Growth in the Rocky Mountain Region Outpaced Other States?

Abstract: Real wage growth in the United States has returned to positive territory on average, driven by growing economic activity, healthy labor markets, and subsiding inflationary pressures. Wage growth is above the current inflation rate, easing but not yet offsetting challenges from recent inflation shocks. Real wage growth is relatively higher in Rocky Mountain States due to the types of jobs being added.

Keywords: real wage growth; inflationary pressures; regional disparities; nominal wage growth;

Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Rocky Mountain Economist

Publication Date: 2024-11-27