Research >> Economics
Real Average Hourly Earnings increased 0.5% in July 2022
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All employees
Real average hourly earnings for all employees increased 0.5 percent from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.5 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 0.5 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 decreased 3.0 percent, seasonally adjusted, from July 2021 to July 2022. The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 3.6-percent decrease in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees increased 0.5 percent from June to July, seasonally adjusted. This result stems from a 0.4-percent increase in average hourly earnings combined with a decrease of 0.1 percent 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 being combined with no change in average weekly hours.
From July 2021 to July 2022, real average hourly earnings decreased 2.7 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.5-percent decrease in real average weekly earnings over this period.
Posted: August 10, 2022 Wednesday 08:30 AM