Research >> Economics
Real Average Hourly Earnings increased 0.5% in August
Real average hourly earnings for all employees increased 0.5 percent from July to August, 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 0.7 percent over the month due to the increase in real average hourly earnings combined with an increase of 0.3 percent in the average workweek.
Real average hourly earnings increased 2.0 percent, seasonally adjusted, from August 2014 to August 2015. This increase in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 2.3-percent increase in real average weekly earnings over this period.
Posted: September 16, 2015 Wednesday 08:30 AM