  The U.S. labor market is dynamic and complex, and understanding wage data
across different segments of the workforce is critical to providing
policymakers and business leaders with actionable insights. There is no labor
index that assesses the labor market performance at such a detailed level as
the ADP Research Institute's Workforce Vitality Report (WVR). Drawing on the
actual, aggregated and anonymous payroll data of 24 million Americans paid by
ADP, the WVR looks at key dynamics and market indicators including wage growth,
hours worked and turnover rate. Unlike other data sets, the WVR calculates wage
growth of individual workers on a quarter-to-quarter basis, avoiding the
deviations caused by various workplace occurrences, like when new workers are
hired and older ones retire. In this paper, Dr. Ahu Yildirmaz, head of the ADP
Research Institute, drills down into wage growth by industry, age, gender and
income level, as well as for both job holders and job switchers. Using WVR
data, Ahu walks through those factors contributing to overall shifts in wage
growth, the future of the labor market and what this data means for today's
U.S. workforce.
