Friday, December 10, 2021

BLS Real (inflation adjusted) Earnings Summary: Decreased Month-over-Month; Year-over-Year

From the Bureau of Labor Statistics, December 10, 2021:

REAL EARNINGS – NOVEMBER 2021

All employees 

Real average hourly earnings for all employees decreased 0.4 percent from October to November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 percent in average hourly earnings combined with an increase of 0.8 percent in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings decreased 0.2 percent over the month due to the change in real average hourly earnings combined with an increase of 0.3 percent in the average workweek. 

Real average hourly earnings decreased 1.9 percent, seasonally adjusted, from November 2020 to November 2021. The change in real average hourly earnings combined with no change in the average workweek resulted in a 1.9-percent decrease in real average weekly earnings over this period.

Production and nonsupervisory employees 

Real average hourly earnings for production and nonsupervisory employees decreased 0.4 percent from October to November, seasonally adjusted. This result stems from a 0.5-percent increase in average hourly earnings combined with an increase of 0.9 percent in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). 

Real average weekly earnings decreased 0.4 percent over the month due to the change in real average hourly earnings combined with no change in average weekly hours. 

From November 2020 to November 2021, real average hourly earnings decreased 1.6 percent, seasonally adjusted. The change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 1.9-percent decrease in real average weekly earnings over this period....

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