The True Weekly Earnings (TWE), as defined by the Ludwig Institute for Shared Economic Prosperity (LISEP), measures the weekly earnings of all members of the workforce — including part time and jobless who are seeking work.
Using data compiled by the Bureau of Labor Statistics (BLS),we calculate the median earnings of everyone who is employed or actively seeking employment. Thus, we take the median earnings of the whole U.S. labor force as defined by the BLS.
By comparison, the BLS headline numbers only include those who are employed at full-time jobs. Thus, if a low-income worker moves from full time to part time, or becomes unemployed, the BLS metric will report that earnings have risen, giving a false sense that earnings are getting better. TWE, on the other hand, gives policymakers access to a more comprehensive indicator of how the job market is performing as a whole.
Note: Both LISEP and BLS exclude the self-employed from their sample for measurement reasons.
For a more in-depth explanation of True Weekly Earnings, please reference this white paper.
OVERVIEW
True Weekly Earnings
1982-2022
Select any point on the chart to see the True Weekly Earnings for that quarter.
1990
1995
2000
2005
2010
1985
2015
2020
OVERVIEW
True Weekly Earnings vs. Gross Domestic Product
In 2022 Dollars, 2001-2022
Select any point on the chart to see the data for that quarter.
2005
2010
2015
2020
By INCOME GROUP
True Weekly Earnings by Income Group*
Select any point on the chart to see the True Weekly Earnings for that quarter.
$585
Bottom Quartile
Q4 2022
$1,519
Third Quartile
Q4 2022
$2,398
Ninth Decile
Q4 2022
1990
1995
2000
2005
2010
1985
2015
2020
* In the graph above, first quartile refers to the exact person at the 25th percentile in the distribution. So this person has earnings higher than 25% of the population and lower than 75%. Third quartile refers to the person that has earnings higher than 75% of the population and lower than 25%. Ninth decile refers to the person with earnings higher than 90% and lower than 10% of the population. Note that this does not mean that the ninth decile is the average of the top 10%; rather, it is the exact 90th percentile earner.
By RACE
True Weekly Earnings by Race
Select any point on the chart to see the True Weekly Earnings for that quarter.
$767
Black
Q4 2022
$742
Hispanic
Q4 2022
$1,022
White
Q4 2022
1990
1995
2000
2005
2010
1985
2015
2020
By RACE
True Weekly Earnings Gap: Black and Hispanic vs. White Workers
For every dollar earned by White workers, Black and Hispanic workers earn ...
Q4 2022
75¢
Black
73¢
Hispanic
Since 1982
Select any point on the chart to see the data for that quarter.
1990
1995
2000
2005
2010
1985
2015
2020
By SEX
True Weekly Earnings by Sex
Select any point on the chart to see the True Weekly Earnings for that quarter.
$811
Female
Q4 2022
$1,038
Male
Q4 2022
1990
1995
2000
2005
2010
1985
2015
2020
By SEX
True Weekly Earnings Gap: Female vs. Male Workers
For every dollar earned by male workers, female workers earn ...
Q4 2022
78¢
Female
Since 1982
Select any point on the chart to see the data for that quarter.
1990
1995
2000
2005
2010
1985
2015
2020
By EDUCATION
True Weekly Earnings by Education
Select any point on the chart to see the True Weekly Earnings for that quarter.
$614
No High School
Q4 2022
$793
High School Diploma
Q4 2022
$889
Some College
Q4 2022
$1,331
Bachelors Degree
Q4 2022
$1,644
Advanced Degree
Q4 2022
2000
2005
2010
2015
2020
1995
By EDUCATION
True Weekly Earnings Growth by Education
Earnings growth since 2000
Select any point on the chart to see the data for that quarter.
13%
No High School
Q4 2022
-5%
High School Diploma
Q4 2022
-9%
Some College
Q4 2022
1%
Bachelors Degree
Q4 2022
-1%
Advanced Degree
Q4 2022
2007
2012
2018
2002
True Rate of Unemployment by State
August 2020
Select any state or percentage to see the most recent True Rate of Unemployment.