EDSR INFORMATION #3 08-13-2012 - Laserfiche WebLink

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FIGURE 10 Wage Distribution,Year-Round Wage Earners, Inflation Adjusted(2011 dollars) 16% 14% 12% £ 10% E 8d a j lijjj„, • -4% -6% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% 85% 90% 95% Wage Percentiles •1995-1999 2000-2005 •2006.2011 Source:Minnesota unemployment insurance wage records Unlike those at the top of the board,but especially for those the past six years.In fact,the top wage distribution,after modest below the median wage level 5 percent of wage earners actually wage growth in 2010,the bottom (below the 50th percentile). increased their wages at a rate 20th and the 50th percentile of Then,from 2000 to 2005,real higher than any time during the wage earners experienced another wages decreased somewhat for previous half-decade.0 relative decline in wages in 2011. the lowest wage earners,and Overall,both real and relative increased at a much slower pace wages for the 20th and 50th per- than the previous half-decade Contributors to this article include Gentile of wage earners decreased for those at the 30th percentile Jerry Brown, Oriane Casale, during the past five years. and above.Since 2006,wages Amy Gehring,Amanda Rohrer, declined even more sharply for a Dave Senf,Rachel Vilsack and Just how difficult the recession broader group,the entire bottom Steve Hine. and recovery has been for lower two-thirds of wage earners.Only wage earners is shown in Figure those in the 70th percentile and 10.The period from 1995 to above (over $56,275 per year) 1999 saw wages rise across the experienced wage growth during 'Previous recessions occurred in 2001 and 1990-1991. 'The 1980 recession was excluded because it overlaps with the 1981 recession,making comparison difficult. 'The Conference Board,www.conference-board.org. 'Average annual self-employment is from the Local Area Unemployment Statistics program,Minnesota Department of Employment and Economic Development. STATE OF THE RECOVERY minnesota economic TRENDS june 2012