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Labor Supply-Demand Imbalance is Improving: Moderating Wage Growth | Atlanta Fed Tracker The Atlanta Fed's Wage Tracker, which measures year-over-year wage growth, is showing a marked deceleration in wage increases, particularly for job switchers Atlanta Fed Wage Tracker | Year-over-Year Wage Growth: 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Dec-14 Jun-15 Dec-15 Jun-16 Source: Federal Reserve Bank of Atlanta -Overall Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 -Job Switchers Jun-21 Dec-21 -Job Stayers Jun-22 Dec-22 Jun-23 7 5.6% 5.2% 5.0%

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