Human Resources

  


Real earnings July 2005

August 16 2005 - Real average weekly earnings fell by 0.2% from June to July after seasonal adjustment, according to preliminary data released by the Bureau of Labor Statistics of the U.S. Department of Labor. A 0.6% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) more than offset a 0.4% increase in average hourly earnings.

Data on average weekly earnings are collected from the payroll reports of private nonfarm establishments. Earnings of both full-time and part-time workers holding production or nonsupervisory 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 2.7%, seasonally adjusted, from July 2004 to July 2005. After deflation by the CPI-W, average weekly earnings increased by 0.4%. Before adjustment for seasonal change and inflation, average weekly earnings were $541.81 in July 2005, compared with $528.50 a year earlier.

Source: Bureau of Labour Statistics, US Dept.of Labor


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