Research >> Economics
Real Average Hourly Earnings decreased 0.1% in August
Real average hourly earnings for all employees decreased 0.1 percent from July to August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.1-percent increase in average hourly earnings being more than offset by a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.4 percent over the month due to the decrease in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.
Real average hourly earnings increased 1.3 percent, seasonally adjusted, from August 2015 to August 2016. This increase in real average hourly earnings combined with a 0.9-percent decrease in the average workweek resulted in a 0.4-percent increase in real average weekly earnings over this period.
Posted: September 16, 2016 Friday 08:30 AM