Real average hourly earnings for all employees fell 0.2 percent from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.
This decline stems from a 0.1 percent decrease in average hourly earnings and a 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings fell 0.5 percent over the month due to the decrease in real average hourly earnings and a 0.3 percent decrease in the average workweek.
Real average hourly earnings fell 0.1 percent, seasonally adjusted, from July 2012 to July 2013. The decrease in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.1 percent decrease in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees fell 0.1 percent from June to July, seasonally adjusted. This decrease stems from unchanged average hourly earnings and a 0.2 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings fell 0.5 percent over the month due to the decrease in real average hourly earnings combined with a 0.3 percent decrease in the average workweek.
Real average hourly earnings fell 0.1 percent, seasonally adjusted, from July 2012 to July 2013. The decrease in real average hourly earnings, combined with a 0.3 percent decline in the average workweek, resulted in a 0.4 percent decrease in real average weekly earnings over this period.
Original content +Bob DeMarco , All American Investor
No comments:
Post a Comment