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IPFS News Link • Employment & Jobs

Real Hourly Earnings Scorecards: Employees Making Way Less Than 9 Months Ago

• https://www.themaven.net, Mike Mish Shedlock

The BLS published its monthly report on Real Earnings today. The average employee is getting hammered because prices are rising faster than wages.

All employees

Real average hourly earnings for all employees were unchanged from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.1-percent increase in average hourly earnings being offset by 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 no change in both real average hourly earnings and the average workweek.

Real average hourly earnings increased 0.2 percent, seasonally adjusted, from April 2017 to April 2018. The increase in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 0.4-percent increase in real average weekly earnings over this period.


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