Real average hourly earnings decrease 0.4 percent in June
Source: U.S. Bureau of Labor Statistics
Economic News Release
Current Employment Statistics - Real Earnings
USDL-15-1353
Transmission of material in this release is embargoed until 8:30 a.m. (EDT), Friday, July 17, 2015
Technical Information: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces
Media Contact: (202) 691-5902 * PressOffice@bls.gov
REAL EARNINGS * JUNE 2015
All employees
Real average hourly earnings for all employees decreased 0.4 percent from May to June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from no change in average hourly earnings being combined with a 0.3-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.3 percent over the month due to the decrease in real average hourly earnings and no change in the average workweek.
Real average hourly earnings increased 1.7 percent, seasonally adjusted, from June 2014 to June 2015. This increase in real average hourly earnings, combined with no change in the average workweek, resulted in a 1.8-percent increase in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees decreased 0.3 percent from May to June, 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 decreased 0.2 percent over the month due to the decrease in real average hourly earnings and no change in the average workweek.
Real average hourly earnings increased 2.2 percent, seasonally adjusted, from June 2014 to June 2015. The increase in real average hourly earnings, combined with a 0.3-percent decrease in the average workweek, resulted in a 2.0-percent increase in real average weekly earnings over this period.
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Real Earnings for July 2015 is scheduled to be released on Wednesday, August 19, 2015 at 8:30 a.m. (EDT).
Read more: http://www.bls.gov/news.release/realer.nr0.htm
MannyGoldstein
(34,589 posts)The TPP will fix this
Fred Sanders
(23,946 posts)Real average hourly earnings increased 1.7 percent, seasonally adjusted, from June 2014 to June 2015. This increase in real average hourly earnings, combined with no change in the average workweek, resulted in a 1.8-percent increase in real average weekly earnings over this period.
Not to mention there are 12 million new workers since the Great Recession...cherries were meant for picking, grant you that.
Here is the trend: