Research >> Economics
Real Average Hourly Earnings decreased 0.8% in March 2021
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All employees
Real average hourly earnings for all employees decreased 0.8 percent from February to March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a decrease of 0.1 percent in average hourly earnings combined with an increase of 0.6 percent 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 more than offset by an increase of 0.9 percent in the average workweek.
Real average hourly earnings increased 1.5 percent, seasonally adjusted, from March 2020 to March 2021. The change in real average hourly earnings combined with an increase of 2.3 percent in the average workweek resulted in a 3.9-percent increase in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees decreased 0.6 percent from February to March, seasonally adjusted. This result stems from a 0.1-percent increase in average hourly earnings combined with an increase of 0.7 percent in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings increased 0.3 percent over the month due to the decrease in real average hourly earnings being more than offset by an increase of 0.9 percent in average weekly hours.
From March 2020 to March 2021, real average hourly earnings increased 1.4 percent, seasonally adjusted. The change in real average hourly earnings combined with a 2.7-percent increase in the average workweek resulted in a 4.1-percent increase in real average weekly earnings over this period.
Posted: April 13, 2021 Tuesday 08:30 AM