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Real Average Hourly Earnings fell 0.5% in February
Real average hourly earnings for all employees fell 0.5 percent from January to February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stemmed from a 0.5 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U), while average hourly earnings remained unchanged.
Real average weekly earnings fell 0.5 percent over the month, as a result of the average workweek remaining unchanged combined with the decline in real average hourly earnings.
Real average hourly earnings fell by 0.4 percent, seasonally adjusted, from February 2010 to February 2011. A 0.6 percent increase in average weekly hours combined with the decrease in real average hourly earnings resulted in a 0.2 percent increase in real average weekly earnings during this period.
Posted: March 17, 2011 Thursday 08:30 AM