| Quarter | Opening-to-closing wage ratio | Expanding-to-contracting wage ratio |
|---|---|---|
|
Q3 1992 |
1.02 | 0.95 |
|
Q4 1992 |
0.95 | 0.97 |
|
Q1 1993 |
1.17 | 0.98 |
|
Q2 1993 |
1.04 | 0.98 |
|
Q3 1993 |
1.07 | 0.97 |
|
Q4 1993 |
0.93 | 0.99 |
|
Q1 1994 |
1.17 | 0.99 |
|
Q2 1994 |
1.08 | 1.00 |
|
Q3 1994 |
1.09 | 0.98 |
|
Q4 1994 |
0.93 | 0.98 |
|
Q1 1995 |
1.15 | 0.99 |
|
Q2 1995 |
1.07 | 0.99 |
|
Q3 1995 |
1.08 | 0.97 |
|
Q4 1995 |
0.98 | 0.99 |
|
Q1 1996 |
1.15 | 0.98 |
|
Q2 1996 |
1.05 | 1.00 |
|
Q3 1996 |
1.14 | 0.98 |
|
Q4 1996 |
0.95 | 0.99 |
|
Q1 1997 |
1.17 | 0.99 |
|
Q2 1997 |
1.05 | 1.01 |
|
Q3 1997 |
1.07 | 0.98 |
|
Q4 1997 |
1.00 | 0.99 |
|
Q1 1998 |
1.14 | 1.00 |
|
Q2 1998 |
1.06 | 1.00 |
|
Q3 1998 |
1.09 | 0.97 |
|
Q4 1998 |
1.05 | 0.98 |
|
Q1 1999 |
1.12 | 0.98 |
|
Q2 1999 |
1.12 | 0.98 |
|
Q3 1999 |
1.11 | 0.97 |
|
Q4 1999 |
0.97 | 0.97 |
|
Q1 2000 |
1.23 | 0.98 |
|
Q2 2000 |
1.11 | 1.00 |
|
Q3 2000 |
1.09 | 0.98 |
|
Q4 2000 |
1.08 | 0.99 |
|
Q1 2001 |
1.19 | 0.97 |
|
Q2 2001 |
1.03 | 0.96 |
|
Q3 2001 |
1.05 | 0.95 |
|
Q4 2001 |
1.03 | 0.93 |
|
Q1 2002 |
1.12 | 0.94 |
|
Q2 2002 |
1.06 | 0.95 |
|
Q3 2002 |
1.04 | 0.95 |
|
Q4 2002 |
1.05 | 0.97 |
|
Q1 2003 |
1.11 | 0.96 |
|
Q2 2003 |
1.07 | 0.96 |
|
Q3 2003 |
1.09 | 0.96 |
|
Q4 2003 |
1.07 | 0.96 |
|
Q1 2004 |
1.13 | 0.97 |
|
Q2 2004 |
1.11 | 0.98 |
|
Q3 2004 |
1.05 | 0.98 |
|
Q4 2004 |
1.12 | 0.98 |
|
Q1 2005 |
1.08 | 0.99 |
|
Q2 2005 |
1.09 | 0.99 |
|
Q3 2005 |
1.19 | 0.99 |
|
Q4 2005 |
1.13 | 0.99 |
|
Q1 2006 |
1.12 | 0.99 |
|
Q2 2006 |
1.15 | 1.00 |
|
Q3 2006 |
1.11 | 0.99 |
|
Q4 2006 |
1.16 | 0.98 |
|
Q1 2007 |
1.11 | 0.98 |
|
Q2 2007 |
1.11 | 0.99 |
|
Q3 2007 |
1.13 | 0.98 |
|
Q4 2007 |
1.10 | 0.98 |
|
Q1 2008 |
1.11 | 0.99 |
|
Q2 2008 |
1.10 | 0.97 |
|
Q3 2008 |
1.04 | 0.96 |
|
Q4 2008 |
1.06 | 0.93 |
|
Q1 2009 |
1.02 | 0.89 |
|
Q2 2009 |
1.01 | 0.88 |
|
Q3 2009 |
0.97 | 0.94 |
|
Q4 2009 |
1.13 | 0.97 |
|
Q1 2010 |
1.06 | 0.97 |
|
Q2 2010 |
1.17 | 0.96 |
|
Q3 2010 |
1.04 | 0.99 |
|
Q4 2010 |
1.13 | 1.00 |
|
Q1 2011 |
1.07 | 1.00 |
|
Q2 2011 |
1.07 | 0.97 |
|
Q3 2011 |
1.18 | 1.01 |
|
Q4 2011 |
1.12 | 1.00 |
|
Q1 2012 |
0.87 | 0.98 |
|
Q2 2012 |
1.06 | 0.99 |
|
Q3 2012 |
1.09 | 1.00 |
|
Q4 2012 |
1.09 | 0.99 |
|
Q1 2013 |
1.03 | 0.98 |
|
Q2 2013 |
1.17 | 0.96 |
|
Q3 2013 |
1.09 | 0.99 |
|
Q4 2013 |
1.14 | 1.00 |
|
Q1 2014 |
1.02 | 0.99 |
|
Q2 2014 |
1.10 | 0.99 |
|
Q3 2014 |
1.04 | 1.01 |
|
Q4 2014 |
1.17 | 1.01 |
|
Q1 2015 |
0.99 | 0.98 |
|
Q2 2015 |
1.11 | 0.97 |
|
Q3 2015 |
1.00 | 0.99 |
|
Q4 2015 |
1.14 | 0.99 |
|
Q1 2016 |
0.93 | 0.98 |
|
Q2 2016 |
1.05 | 0.98 |
|
Q3 2016 |
1.13 | 1.00 |
|
Q4 2016 |
1.08 | 0.99 |
|
Q1 2017 |
1.00 | 0.99 |
|
Q2 2017 |
1.08 | 1.00 |
|
Q3 2017 |
1.07 | 1.02 |
|
Q4 2017 |
1.15 | 1.00 |
|
Q1 2018 |
1.00 | 1.00 |
|
Q2 2018 |
1.08 | 1.02 |
|
Q3 2018 |
1.06 | 1.01 |
|
Q4 2018 |
1.16 | 1.00 |
|
Q1 2019 |
0.96 | 1.00 |
|
Q2 2019 |
1.10 | 0.99 |
|
Q3 2019 |
1.06 | 1.00 |
|
Q4 2019 |
1.15 | 0.99 |
|
Q1 2020 |
1.13 | 1.02 |
|
Source: U.S. Bureau of Labor Statistics. |
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