Real Average Hourly Earnings Fell 0.2% from April to May 2014

June 17th, 2014
in econ_news

by Bureau of Labor Statistics

Real average hourly earnings for all employees fell 0.2 percent from April to May, seasonally adjusted. This result stems from a 0.2 percent increase in the average hourly earnings being more than offset by a 0.4 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Follow up:


Real average weekly earnings fell 0.1 percent over the month due to the decrease in real average hourly earnings and the average workweek remaining unchanged.

Real average hourly earnings fell 0.1 percent, seasonally adjusted, from May 2013 to May 2014. This 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 April to May, seasonally adjusted. This result stems from a 0.1 percent increase in average hourly earnings being more than offset by a 0.3 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 due to the decrease in real average hourly earnings and the average workweek remaining unchanged.

Real average hourly earnings rose 0.3 percent, seasonally adjusted, from May 2013 to May 2014. This increase in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.3 percent increase in real average weekly earnings over this period.

 

Table A-1. Current and real (constant 1982-1984 dollars) earnings for all employees on private nonfarm payrolls, seasonally adjusted
May
2013
Mar.
2014
Apr.
2014(p)
May
2014(p)

Real average hourly earnings(1)

$10.29 $10.32 $10.30 $10.28

Real average weekly earnings(1)

$355.07 $356.07 $355.29 $354.77

Consumer Price Index for All Urban Consumers

232.124 235.640 236.254 237.083

Average hourly earnings

$23.89 $24.32 $24.33 $24.38

Average weekly hours

34.5 34.5 34.5 34.5

Average weekly earnings

$824.21 $839.04 $839.39 $841.11

OVER-THE-MONTH PERCENT CHANGE

Real average hourly earnings(1)

-0.1 -0.1 -0.2 -0.2

Real average weekly earnings(1)

0.2 0.5 -0.2 -0.1

Consumer Price Index for All Urban Consumers

0.2 0.2 0.3 0.4

Average hourly earnings

0.1 0.1 0.0 0.2

Average weekly hours

0.3 0.6 0.0 0.0

Average weekly earnings

0.4 0.7 0.0 0.2

OVER-THE-YEAR PERCENT CHANGE

Real average hourly earnings(1)

0.6 0.6 0.0 -0.1

Real average weekly earnings(1)

0.9 0.6 0.3 -0.1

Consumer Price Index for All Urban Consumers

1.4 1.5 2.0 2.1

Average hourly earnings

2.1 2.1 2.0 2.1

Average weekly hours

0.3 0.0 0.3 0.0

Average weekly earnings

2.3 2.1 2.3 2.1

Footnotes
The Consumer Price Index for All Urban Consumers (CPI-U) is used to deflate the earnings series for all employees.
Preliminary

 

Table A-2. Current and real (constant 1982-1984 dollars) earnings for production and nonsupervisory employees on private nonfarm payrolls, seasonally adjusted(1)
May
2013
Mar.
2014
Apr.
2014(p)
May
2014(p)

Real average hourly earnings(2)

$8.78 $8.84 $8.82 $8.81

Real average weekly earnings(2)

$295.94 $297.77 $297.35 $296.78

Consumer Price Index for Urban Wage Earners and Clerical Workers

228.430 231.780 232.447 233.236

Average hourly earnings

$20.06 $20.48 $20.51 $20.54

Average weekly hours

33.7 33.7 33.7 33.7

Average weekly earnings

$676.02 $690.18 $691.19 $692.20

OVER-THE-MONTH PERCENT CHANGE

Real average hourly earnings(2)

-0.1 -0.2 -0.2 -0.1

Real average weekly earnings(2)

-0.1 0.7 -0.1 -0.2

Consumer Price Index for Urban Wage Earners and Clerical Workers

0.2 0.2 0.3 0.3

Average hourly earnings

0.1 0.0 0.1 0.1

Average weekly hours

0.0 0.9 0.0 0.0

Average weekly earnings

0.1 0.8 0.1 0.1

OVER-THE-YEAR PERCENT CHANGE

Real average hourly earnings(2)

0.6 0.9 0.3 0.3

Real average weekly earnings(2)

0.9 0.5 0.4 0.3

Consumer Price Index for Urban Wage Earners and Clerical Workers

1.3 1.4 2.0 2.1

Average hourly earnings

1.9 2.3 2.3 2.4

Average weekly hours

0.3 -0.3 0.0 0.0

Average weekly earnings

2.2 2.0 2.3 2.4

Footnotes
Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries. These groups account for approximately four-fifths of the total employment on private nonfarm payrolls.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is used to deflate the earnings series for production and nonsupervisory employees.
Preliminary

Source: http://www.bls.gov/news.release/realer.htm









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