Real Earnings Down in March

Real average hourly earnings for all U.S. employees decreased 0.1 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.

This result stems from a 0.2-percent increase in average hourly earnings combined with a 0.3-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings decreased 0.4 percent over the month due to the change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.

Real average hourly earnings increased 1.2 percent, seasonally adjusted, from April 2018 to April 2019.

The change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over this period.

Copyright Today’s Credit Unions