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Real Average Hourly Earnings increased 0.1% in August
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Real average hourly earnings for all employees increased 0.1 percent from July to August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.4-percent increase in average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased 0.1 percent over the month due to the increase in real average hourly earnings combined with no change in the average workweek.
Real average hourly earnings increased 0.2 percent, seasonally adjusted, from August 2017 to August 2018. The change in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees were unchanged from July to August, seasonally adjusted. This result stems from a 0.3-percent increase in average hourly earnings being offset by a 0.3-percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Combining no change in real average hourly earnings with no change in average weekly hours, real average weekly earnings were also unchanged over the month.
From August 2017 to August 2018, real average hourly earnings decreased 0.1 percent, seasonally adjusted. Combining the change in real average hourly earnings with a 0.6-percent increase in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period.
Posted: September 13, 2018 Thursday 08:30 AM