Research >> Economics
Real Average Hourly Earnings fell 0.2% in May
Real average hourly earnings for all employees fell 0.2 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stems from an unchanged average hourly earnings combined with an increase of 0.1 percent in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings fell 0.1 percent over the month due to the decrease in real average hourly earnings and an unchanged average workweek.
Real average hourly earnings rose 0.5 percent, seasonally adjusted, from May 2012 to May 2013. The increase in real average hourly earnings, combined with a 0.3 percent increase in the average workweek, resulted in a 0.9 percent increase in real average weekly earnings over this period.
Posted: June 18, 2013 Tuesday 08:30 AM