21 November 2013

• U.S. Real* Average Hourly Earnings – October 2013


Real average hourly earnings for all employees rose 0.2 percent from September to October, seasonally adjusted. This result stems from a 0.1 percent increase in average hourly earnings combined with a 0.1 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average hourly earnings rose 1.3 percent, seasonally adjusted, from October 2012 to October 2013. The increase in real average hourly earnings, combined with a 0.3 percent increase in the average workweek, resulted in a 1.5 percent increase in real average weekly earnings over this period.

See the complete report at this link: USDOL-BLS

*Note: Real earnings show the effect of inflation on your pay. If your salary went up by 2.1% over the year while the cost-of-living (CPI-U) rose 2.3%, then the “real” value of your salary fell by 0.2% [differences in some of the data are due to rounding and seasonal adjustment]. The figures reported here are earnings for all employees on private nonfarm payrolls, seasonally adjusted.


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