Research >> Economics
Real Average Hourly Earnings increased 0.2% in May
Real average hourly earnings for all employees were unchanged from April to May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2-percent increase in average hourly earnings being offset by a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings were unchanged over the month due to no changes in both real average hourly earnings and the average workweek.
Real average hourly earnings increased 1.4 percent, seasonally adjusted, from May 2015 to May 2016. This increase in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 1.1-percent increase in real average weekly earnings over this period.
Posted: June 16, 2016 Thursday 08:30 AM