August 10, 2018
The Bureau of Labour Statistics reported that, “Real average hourly earnings for all employees were unchanged from June to July. This result stems from a 0.3 percent increase in average hourly earnings combined with a 0.2 percent increase in the Consumer Price Index for all Urban Consumers (CPI-U).”
The report mentioned that due to no change in the real average hourly earnings, there was a decline in real average weekly earnings by 0.2 percent. This was combined with a 0.3 percent decrease in the average workweek.
From July 2017 to July 2018, there was a 0.2 percent decline in real average hourly earnings. Combining the change in real average hourly earnings with the 0.3 percent increase in the average workweek, there was a 0.1 increase in real average weekly earnings over this period.
Production and non-supervisory employees
For the period between June to July, real average hourly earnings decreased by 0.1 percent for production and non-supervisory employees. This was a result of a 0.1 percent increase in average hourly earnings combined with a 0.1 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
“After combining the change in real average hourly earnings with no average weekly hours, real average weekly earnings were unchanged over the month.”
There was a decrease of 0.4 percent between July 2017 to July 2018, in real average hourly earnings. This has been combined with the change in real average hourly earnings with a 0.3 percent increase in the average workweek resulting in a 0.1 percent decrease in real average weekly earnings over this period.
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