There's a spike and subsequent drop after the pandemic, but that was from service workers being forced out of the labor force by lockdowns. If you exclude that, it follows a steady trend up. And yes, the chart has already been adjusted for inflation.
https://fred.stlouisfed.org/series/LES1252881600Q
There's a spike and subsequent drop after the pandemic, but that was from service workers being forced out of the labor force by lockdowns. If you exclude that, it follows a steady trend up. And yes, the chart has already been adjusted for inflation.