Research >> Economics
Real Average Hourly Earnings decreased 0.1% in October
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Real average hourly earnings for all employees decreased 0.1 percent from September to October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2-percent increase in average hourly earnings combined with a 0.3-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased 0.1 percent over the month due to the decrease in real average hourly earnings being combined with a 0.3-percent increase in the average workweek.
Real average hourly earnings increased 0.7 percent, seasonally adjusted, from October 2017 to October 2018. The change in real average hourly earnings combined with the 0.3-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 decreased 0.1 percent from September to October, seasonally adjusted. This result stems from a 0.3-percent increase in average hourly earnings being offset by a 0.4-percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Combining the decrease in real average hourly earnings with no change in average weekly hours, real average weekly earnings decreased 0.1 percent over the month.
From October 2017 to October 2018, real average hourly earnings increased 0.5 percent, seasonally adjusted. Combining the change in real average hourly earnings with no change in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period.
Posted: November 14, 2018 Wednesday 08:30 AM