Research >> Economics
Real Average Hourly Earnings increased 0.3% in February
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Real average hourly earnings for all employees increased 0.3 percent from January to February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.4-percent increase in average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.1 percent over the month due to the change in real average hourly earnings combined with 0.3-percent decrease in the average workweek.
Real average hourly earnings increased 1.9 percent, seasonally adjusted, from February 2018 to February 2019. The change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 1.6-percent increase in real average weekly earnings over this period.
Production and nonsupervisory employees:
Real average hourly earnings for production and nonsupervisory employees increased 0.2 percent from January to February, seasonally adjusted. This result stems from a 0.3-percent increase in average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings decreased 0.5 percent over the month due to the change in real average hourly earnings combined with a 0.6-percent decrease in average weekly hours.
From February 2018 to February 2019, real average hourly earnings increased 2.2 percent, seasonally adjusted. Combining the change in real average hourly earnings with a 0.6-percent decrease in the average workweek resulted in a 1.5-percent increase in real average weekly earnings over this period.
Posted: March 12, 2019 Tuesday 08:30 AM