Friday, May 22, 2026

Have inflation-adjusted wages and total payroll increased in Wisconsin since the first quarter of 2021?


Yes, use Chained CPI or North East CPI:

figure 1: Wisconsin wage and salary totals are deflated using month-on-month CPI (blue), official Northeastern subregional CPI, and adjusted using X-13 (tan), all in billions of dollars annually for 2023. The peak-to-trough dates of the national recession, as defined by the National Bureau of Economic Research (NBER), are shown in gray. Source: BLS, BEA, NBER, and author's calculations.

If expressed in per capita terms, the situation has not really changed:

figure 2: Wisconsin's per capita wages and total wages are deflated using month-on-month CPI (blue), official Northeastern subregional CPI, and adjusted using X-13 (tan), all calculated at 2023 annual rates. The peak-to-trough dates of the national recession, as defined by the National Bureau of Economic Research (NBER), are shown in gray. Source: BLS, BEA, NBER, and author's calculations.

Note that this is a per capita percentage calculation, not JEC-Republican per “household” Dollar calculate.As discussed in this article postalCalculations of cumulative changes for East North Central and JEC-Republican in Wisconsin by March 2024 relative to January 2021 are said to be very close.



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