Content Summary
INTRODUCTION
Each quarter, ERI examines the rates at which compensation has increased and provides guidance on expected increases for the upcoming year. These rates are calculated using ERI’s Salary Assessor and ERI’s Salary Increase Survey & Forecast.
OVERALL TRENDS IN COMPENSATION
July salary growth (0.44%) is down from the April 1 data release (0.60%) and lower than the predicted quarterly rate of 0.69%. Growth over the past year has been 1.93%, with an average quarterly growth of 0.44%.
10-YEAR TRENDS BY CATEGORY
While it is valuable to know how all occupations are moving in this economy, it is also useful to know how different types of occupations move relative to each other and across time. Not all occupations grow at the same rate, and not all occupations grow at the same rate across time.
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