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Real Average Hourly Earnings increased 0.4% in March
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Real average hourly earnings for all employees increased 0.4 percent from February to March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.3-percent increase in average hourly earnings combined with a 0.1-percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased 0.4 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 0.4 percent, seasonally adjusted, from March 2017 to March 2018. The increase in real average hourly earnings combined with a 0.6-percent increase in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees increased 0.3 percent from February to March, seasonally adjusted. This result stems from a 0.2-percent increase in average hourly earnings combined with a 0.2-percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings were unchanged over the month due to the increase in real average hourly earnings being offset by a 0.3-percent decrease in average weekly hours.
From March 2017 to March 2018, real average hourly earnings were unchanged, seasonally adjusted. No change in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 0.3-percent increase in real average weekly earnings over this period.
Posted: April 11, 2018 Wednesday 08:30 AM