Real Earnings Decline
Real average hourly earnings for all employees decreased 0.5 percent from September to October, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.
This result stems from an increase of 0.4 percent in average hourly earnings combined with an increase of 0.9 percent in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.9 percent over the month due to the change in real average hourly earnings combined with a decrease of 0.3 percent in the average workweek.
Real average hourly earnings decreased 1.2 percent, seasonally adjusted, from October 2020 to October 2021.
The change in real average hourly earnings combined with a decrease of 0.3 percent in the average workweek resulted in a 1.6-percent decrease in real average weekly earnings over this period.
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