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Nicole Lunger/Missouri Business Alert

CHART: Real wages for Missouri workers are rising — but slowly



While unemployment in Missouri recently hit its lowest level since 2000 (3.4 percent in July 2018), the state’s real wages increased to $960 in the first quarter of this year, according to U.S. Bureau of Labor Statistics.

Based on current dollars (wages reported in the value of the currency when received), average weekly earnings rose from $623 in 2001 to $960 in the first quarter of this year, which is an increase of more than 50 percent.

But in inflation-adjusted terms, the real wage in 2001 was $846, meaning the average raise for Missourians has risen by a more modest 13.5 percent in almost 20 years in terms of purchasing power.

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