Research >> Economics
Real Average Hourly Earnings rose 0.5% in Apr
Real average hourly earnings for all employees increased 0.5 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.2 percent in average hourly earnings combined with a decrease of 0.4 percent in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings was unchanged over the month due to the increase in real average hourly earnings being offset by a 0.6 percent decrease in the average workweek.
Real average hourly earnings rose 0.8 percent, seasonally adjusted, from April 2012 to April 2013. The increase in real average hourly earnings, combined with a 0.3 percent decrease in the average workweek, resulted in a 0.5 percent increase in real average weekly earnings over this period.
Posted: May 16, 2013 Thursday 08:30 AM