VISUALIZATIONS

Wage Growth by Occupational Classification

This interactive bar chart showcases wage trends across various occupations over the past five years, enabling clear identification of jobs with the highest wages. Users can compare data across different years by selecting specific timeframes. For instance:

From 2019 to 2021, the "Information, Culture, and Recreation" sector likely experienced the highest wage growth due to the impacts of COVID-19. This period saw increased demand for digital content, online entertainment, and virtual services as people adapted to remote lifestyles.

From 2019 to 2023, the "Professional, Scientific, and Technical Services" sector's wage growth reflects the rising demand for specialized skills in technology, engineering, and consultancy. The ongoing digital transformation and recovery-driven projects likely sustained this growth.

CPI Growth by Category

This interactive line chart visualizes the CPI (Consumer Price Index) growth rate for various consumption categories over the past five years, offering a clear perspective on spending patterns. The chart allows users to compare CPI trends across different categories. Some interesting observations includes:

The drastic fluctuation in gasoline CPI reflects global events, such as decreased demand during the COVID-19 lockdowns in 2020 and supply chain disruptions or increased demand in 2022.

The stability in clothing and footwear CPI suggests a balance between supply and demand, possibly due to minimal production disruptions and consistent consumer purchasing behavior.

Weighted CPI Growth vs Wage Growth

This bubble chart compares the CPI (Consumer Price Index) growth rate and wage growth rate across different occupations over the past five years. The chart uses color coding: green bubbles indicate that the wage growth rate exceeds the CPI growth rate (positive effect), while red bubbles signify the opposite (negative effect). Here are some insights:

From 2020 to 2021, all occupations exhibited positive effects, with wage growth outpacing inflation.At the start of 2020, the COVID-19 pandemic caused a big drop in global demand. People stayed home and spent less on non-essential items like travel and entertainment. This kept inflation low, meaning prices didn’t rise much.

However, from 2022 to 2023, some occupations experienced negative effects. For example, in Educational Services, wage growth over two years lagged behind CPI growth. Similarly, Health Care and Social Assistance also saw a negative impact over the same period.