Real Wages, over time
Real WagesDemocratic administrationRepublican administration
What was happening
1Great RecessionDec 2007–Jun 2009
An 18-month recession by NBER dates, the longest since World War II, following the collapse of the housing market and a financial crisis. Source: National Bureau of Economic Research ↗
2COVID-19 recessionFeb–Apr 2020
The shortest recession on record by NBER dates: two months, February to April 2020. Source: National Bureau of Economic Research ↗
U.S. Bureau of Labor Statistics · Median usual weekly earnings, full-time workers, constant 1982–84 dollars · Quarterly · Original source