Research >> Economics
Real Average Hourly Earnings decreased 0.1% in May
Real average hourly earnings for all employees decreased 0.1 percent from April to May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.3-percent increase in 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 decreased by 0.1 percent over the month due to the decrease in real average hourly earnings and no change in the average workweek.
Real average hourly earnings increased by 2.2 percent, seasonally adjusted, from May 2014 to May 2015. This increase in real average hourly earnings, combined with no change in the average workweek, resulted in a 2.3-percent increase in real average weekly earnings over this period.
Posted: June 18, 2015 Thursday 08:30 AM