The average weekly wage for Louisiana workers rose 8.6% from the first quarter of 2021 through the first quarter of 2022, according to newly released data from the U.S. Bureau of Labor Statistics, but workers also experienced one of the worst 12-month periods for inflation over that same span.
Louisiana was tied for the 16th highest rate of U.S. states and significantly higher than the U.S. average of 6.7%, but due to inflation, Louisianans weren’t bringing home any extra cash.
Over that same period, from March 2021 to March 2022, consumer prices rose 8.5%, which was the largest increase over a 12-month period the nation had seen since December 1981. The 12-month inflation rate would increase to 8.6% and 9.1% in May and June, respectively.
Read more: Louisiana wages went up from early 2021, but inflation made the increase nonexistent
