NC Today and What It Means: Total Private Average Weekly Earnings

Monday, May 16, 2022
Author: 
Chi Wong
Source: Current Employment Statistics (CES). Inflation adjustment comes from the Consumer Price Index (CPI).

The total private average weekly earnings amount for North Carolina is reported as a rough measure of North Carolinians’ personal earned income. After adjusting for inflation and seasonality, preliminary private average weekly earnings in March 2022 were $1,028.16. This number has slowly declined since August 2021, and is slightly lower than one year ago (March 2021, where it was at $1029.58). This earnings amount is still higher than the pre-pandemic amount from two years ago (February 2020, when it was $992.08).

The next entry in this series will provide similar background to residential building permits as of the March 2022 update.