Real Earnings on a Bumpy Path
Real average hourly earnings for all employees decreased 0.2 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.
This result stems from a 0.3-percent increase in average hourly earnings offset by a 0.5-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.8 percent over the month due to the decrease in real average hourly earnings combined with a 0.6-percent decrease in the average workweek.
Real average hourly earnings increased 0.8 percent, seasonally adjusted, from January 2017 to January 2018.
The increase in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.4-percent increase in real average weekly earnings over this period.
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