File:Prosperity Matrix - v1.png

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Captions

Captions

Prosperity Matrix showing real wages for workers and employment rate

Summary

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Description
English: Prosperity Matrix showing real wages for workers and employment rate, with each dot representing one month. The upper right corner indicates higher pay and more lower unemployment, indicating a stronger environment for labor.
Date
Source Own work
Author Farcaster

Understanding the chart

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"Prosperity Matrix" scatterplot chart showing real wages per hour and the employment rate both near record levels in 2023 during the Biden administration. Each dot represents one month between January 1964 and May 2023, measured for those two variables. Real means adjusted for inflation. The hourly wages are for production & non-supervisory employees. Employment rate equals 100% - Unemployment rate %. The upper right corner indicates historically high measures for both variables. Selected months are highlighted. February 2019 is regarded by economists as the last pre-pandemic month.[1]

References

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  1. ↑ FRED custom chart "Prosperity Matrix". fred.stlouisfed.org. Retrieved on June 24, 2023.

Licensing

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Date/TimeThumbnailDimensionsUserComment
current22:33, 24 June 2023Thumbnail for version as of 22:33, 24 June 20231,333 × 761 (95 KB)Farcaster (talk | contribs)Uploaded own work with UploadWizard

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