Thursday, August 18, 2011

REAL EARNINGS -- Economic News Release


All American Investor

REAL EARNINGS JULY 2011

All employees

Real average hourly earnings for all employees fell 0.1 percent from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. A 0.4 percent increase in average hourly earnings was more than offset by a 0.5 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings fell 0.1 percent over the month, as a result of the decrease in real averagehourly earnings, while average weekly hours remained unchanged. Since reaching a recent peak in October 2010, real average weekly earnings have fallen 1.3 percent.

Real average hourly earnings fell 1.3 percent, seasonally adjusted, from July 2010 to July 2011. A 0.3 percent increase in average weekly hours combined with the decrease in real average hourly earnings resulted in a 1.0 percent decrease in real average weekly earnings during this period.


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Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees fell 0.2 percent from June to July, seasonally adjusted. A 0.4 percent increase in average hourly earnings was more than offset by a 0.6 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Real average weekly earnings fell 0.2 percent over the month, as a result of the decrease in real average hourly earnings combined with the unchanged average workweek. Since reaching a recent peak in October 2010, real average weekly earnings have fallen 1.4 percent.

Real average hourly earnings fell 1.7 percent, seasonally adjusted, from July 2010 to July 2011. A 0.3 percent increase in the average workweek combined with the decrease in real average hourly earnings resulted in a 1.4 percent decrease in real average weekly earnings during this period.

Detailed PDF
http://1.usa.gov/qwU7rB




Original content Bob DeMarco, All American Investor