Research >> Economics
Real Average Hourly Earnings decreased 0.9% in May
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Real average hourly earnings for all employees decreased 0.9 percent from April to May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a decrease of 1.0 percent in average hourly earnings combined with a decrease of 0.1 percent in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased 0.5 percent over the month due to the change in real average hourly earnings combined with a 1.5-percent increase in the average workweek.
Real average hourly earnings increased 6.5 percent, seasonally adjusted, from May 2019 to May 2020. The change in real average hourly earnings combined with an increase of 0.9 percent in the average workweek resulted in 7.4-percent increase in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees decreased 0.5 percent from April to May, seasonally adjusted. This result stems from a 0.6-percent decrease in average hourly earnings combined with no change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings increased 1.3 percent over the month due to the change in real average hourly earnings combined with a 1.8-percent increase in average weekly hours.
From May 2019 to May 2020, real average hourly earnings increased 6.8 percent, seasonally adjusted. The change in real average hourly earnings combined with a 1.5-percent increase in the average workweek resulted in an 8.3-percent increase in real average weekly earnings over this period.
Posted: June 10, 2020 Wednesday 08:30 AM