From the Bureau of Labor Statistics, February 10:
REAL EARNINGS – JANUARY 2022
All employees
Real average hourly earnings for all employees increased 0.1 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.7 percent in average hourly earnings combined with an increase of 0.6 percent in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.5 percent over the month due to the change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek. Real average hourly earnings decreased 1.7 percent, seasonally adjusted, from January 2021 to January 2022. The change in real average hourly earnings combined with a decrease of 1.4 percent in the average workweek resulted in a 3.1-percent decrease in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees were unchanged from December to January, seasonally adjusted. This result stems from a 0.6-percent increase in average hourly earnings combined with an increase of 0.7 percent in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings decreased 0.6 percent over the month due to the unchanged real average hourly earnings being combined with a decrease of 0.6 percent in average weekly hours.
From January 2021 to January 2022, real average hourly earnings decreased 1.3 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 1.5 percent in the average workweek resulted in a 2.7-percent decrease in real average weekly earnings over this period....
....MUCH MORE (scroll down to tables)
