Friday, July 20, 2012

Real Earnings on the Rise in the U.S.

This week the Bureau of Labor Statistics (BLS) released the latest news on real earnings in the U.S.

Real average hourly earnings for all employees rose by 0.2 percent from May to June. The real change results from from a 0.3 percent increase in average hourly earnings, combined with an unchanged reading on the Consumer Price Index.

Real average weekly earnings also rose (+0.5%) in June. The weekly increase was due to the rise in real average hourly earnings, paired with a 0.3 percent increase in the length of the average workweek. Despite the increase in June, real average weekly earnings have dropped by 0.5 percent since October 2010.

Real average hourly earnings increased by 0.3 percent between June 2011 and June 2012. When combined with a 0.3 percent gain in the average workweek over the year, real weekly earnings increased 0.6 percent from June 2012.

The full BLS news release has additional details.

No comments: