Research >> Economics
Real Average Hourly Earnings decreased 0.5% in January
Real average hourly earnings for all employees decreased 0.5 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.1-percent increase in average hourly earnings combined with a 0.6-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.4 percent over the month due to the decrease in real average hourly earnings combined with no change in the average workweek.
Real average hourly earnings were unchanged, seasonally adjusted, from January 2016 to January 2017. No change in real average hourly earnings combined with a 0.6-percent decrease in the average workweek resulted in a 0.6-percent decrease in real average weekly earnings over this period.
Posted: February 15, 2017 Wednesday 08:30 AM