Research >> Economics
Real Average Hourly Earnings increased 0.1% in October 2020
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All employees
Real average hourly earnings for all employees increased 0.1 percent from September to October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.1 percent in average hourly earnings combined with no change 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 change in real average hourly earnings combined with no change in the average workweek.
Real average hourly earnings increased 3.2 percent, seasonally adjusted, from October 2019 to October 2020. The change in real average hourly earnings combined with an increase of 1.2 percent in the average workweek resulted in a 4.4-percent increase in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees increased 0.2 percent from September to October, seasonally adjusted. This result stems from a 0.2-percent increase in average hourly earnings combined with no change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings increased 0.5 percent over the month due to the change in real average
hourly earnings combined with a 0.3-percent increase in average weekly hours.
From October 2019 to October 2020, real average hourly earnings increased 3.2 percent, seasonally
adjusted. The change in real average hourly earnings combined with a 1.8-percent increase in the
average workweek resulted in a 5.0-percent increase in real average weekly earnings over this period.
Posted: November 12, 2020 Thursday 08:30 AM