Research >> Economics
Real Average Hourly Earnings decreased 0.3% in August
Real average hourly earnings for all employees decreased 0.3 percent from July to August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.1-percent increase in average hourly earnings being more than offset by a 0.4-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.6 percent over the month due to the change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.
Real average hourly earnings increased 0.6 percent, seasonally adjusted, from August 2016 to August 2017. 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: September 14, 2017 Thursday 08:30 AM