Research >> Economics
Real Average Hourly Earnings fell 0.2% in May
Real average hourly earnings for all employees fell 0.2 percent 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 the 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 fell 0.1 percent over the month due to the decrease in real average hourly earnings and the average workweek remaining unchanged.
Real average hourly earnings fell 0.1 percent, seasonally adjusted, from May 2013 to May 2014. This decrease in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.1 percent decrease in real average weekly earnings over this period.
Posted: June 17, 2014 Tuesday 08:30 AM