Tuesday, June 17, 2014

Real U.S. Wages, Earnings Fall

WASHINGTON, D.C. -- Real average hourly earnings for all U.S. employees fell 0.2% from April to May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. 


Real U.S. wages fell due to a 0.2% increase in the average hourly earnings being more than offset by a 0.4% increase in the the Consumer Price Index for All Urban Consumers (CPI-U).


Real average weekly earnings fell 0.1% 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%, 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% decrease in real average weekly earnings over this period. 


Real average hourly earnings for production and nonsupervisory employees fell 0.1% from April to May, seasonally adjusted. This result stems from a 0.1% increase in average hourly earnings being more than offset by a 0.3% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). 


Real average weekly earnings fell 0.2 percent over the month due to the decrease in real average hourly earnings and the average workweek remaining unchanged. 


Real average hourly earnings rose 0.3 percent, seasonally adjusted, from May 2013 to May 2014. This increase in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.3 percent increase in real average weekly earnings over this period.


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