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News Link • Economy - Economics USA

Real Wages Decline Year-Over-Year

• https://moneymaven.io, by Mike Mish Shedlock

In conjunction with the CPI report, the BLS also releases a Report on Real Earnings.

All employees

Real average hourly earnings for all employees were unchanged from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. 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).

Real average weekly earnings decreased 0.2 percent over the month due to no change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.

Production and Nonsupervisory Employees

Real average hourly earnings for production and nonsupervisory employees decreased 0.1 percent from June to July, seasonally adjusted. This result stems from 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 change in average weekly hours, real average weekly earnings were unchanged over the month.

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