Real Wages Dropped by More than 4% in US Southern States: Map

Wage growth has failed to keep up with decades-high inflation in the US, but the impact hasn’t been felt uniformly. Real wages in July declined on average by more than 4% in Southern regions that include states such as Texas, Florida and Georgia, based on calculations using data from the Bureau of Labor Statistics and the Federal Reserve Bank of Atlanta. The rate of decline is twice as fast as that of inflation-adjusted wages in New England, which fell 2.1% last month from a year earlier. Nationally, real average hourly earnings decreased by 3%, on a seasonally adjusted ...