May 15, 201208:58 AMDaily Biz Briefs
Real average hourly earnings unchanged
Real average hourly earnings for all employees were unchanged from March to April, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. This stems from no change in both the Consumer Price Index for All Urban Consumers and average hourly earnings.
Real average weekly earnings were unchanged over the month, as a result of no change in both the real average hourly earnings and the average workweek. Since reaching a peak in October 2010, real average weekly earnings have fallen 1.2 percent.
Real average hourly earnings fell 0.5 percent, seasonally adjusted, from April 2011 to April 2012. A 0.3 percent increase in average weekly hours, combined with the decline in real average hourly earnings, resulted in a 0.2 percent decrease in real average weekly earnings during this period.
Real average hourly earnings for production and nonsupervisory employees rose 0.2 percent from March to April, seasonally adjusted. The increase stemmed from a 0.2 percent gain in average hourly earnings, combined with an unchanged Consumer Price Index for Urban Wage Earners and Clerical Workers.
Real average weekly earnings rose 0.2 percent over the month as a result of the increase in real average hourly earnings, combined with an unchanged workweek. Since reaching a peak in October 2010, real average weekly earnings for production and nonsupervisory employees have fallen 1.6 percent.
Real average hourly earnings fell 0.7 percent, seasonally adjusted, from April 2011 to April 2012. The decrease in real average hourly earnings, combined with a 0.3 percent increase in average weekly hours, resulted in a 0.4 percent decrease in real average weekly earnings during this period.
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