Research >> Economics
Real Average Hourly Earnings decreased 0.2% in January 2023
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All employees
Real average hourly earnings for all employees decreased 0.2 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 percent in average hourly earnings combined with an increase of 0.5 percent in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased 0.7 percent over the month due to the change in real average hourly earnings combined with a 0.9-percent increase in the average workweek.
Real average hourly earnings decreased 1.8 percent, seasonally adjusted, from January 2022 to January 2023. The change in real average hourly earnings combined with an increase of 0.3 percent in the average workweek resulted in a 1.5-percent decrease in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees decreased 0.2 percent from December to January, seasonally adjusted. This result stems from a 0.2-percent increase in average hourly earnings combined with an increase of 0.5 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 change in real average hourly earnings combined with a 0.6-percent increase in the average workweek.
From January 2022 to January 2023, real average hourly earnings decreased 0.9 percent, seasonally adjusted. The change in real average hourly earnings combined with an increase of 0.3 percent in the average workweek resulted in a 0.7-percent decrease in real average weekly earnings over this period.
Posted: February 14, 2023 Tuesday 08:30 AM