Real average weekly earnings fell by 0.1 percent from June to July after seasonal adjustment, according to preliminary data released August 15 by the U.S. Department of Labor’s Bureau of Labor Statistics. A 0.3 percent increase in average hourly earnings was offset by a 0.3 percent decrease in average weekly hours and a 0.1 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Data on average weekly earnings are collected from the payroll reports of private non-farm establishments. Earnings of both full-time and part-time workers holding production or non-supervisory jobs are included. Real average weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W.
Average weekly earnings rose by 3.6 percent, seasonally adjusted, from July 2006 to July 2007. After deflation by the CPI-W, average weekly earnings increased by 1.3 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $595.76 in July 2007, compared with $572.85 a year earlier.
Read the full report and view all of the data tables by clicking on the link below:
ftp://ftp.bls.gov/pub/news.release/realer.txt
