Research >> Economics
Real Average Hourly Earnings rose 1.2% in January
Real average hourly earnings for all employees rose 1.2 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.5 percent increase in average hourly earnings combined with a 0.7 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased by 1.2 percent over the month due to the increase in real average hourly earnings combined with no change in the average workweek.
Real average hourly earnings increased by 2.4 percent, seasonally adjusted, from January 2014 to January 2015. This increase in real average hourly earnings, combined with a 0.6 percent increase in the average workweek, resulted in a 3.0 percent increase in real average weekly earnings over this period.
Posted: February 26, 2015 Thursday 08:30 AM