<H3>• U.S. Real Earnings – May 2014</H3>

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Real average hourly earnings for all employees fell 0.2 percent from April to May, seasonally adjusted. This result stems from a 0.2 percent increase in the average hourly earnings being more than offset by a 0.4 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). Real average weekly earnings fell 0.1 percent over the month due to the decrease in real average hourly earnings and the average workweek remaining unchanged. Annual Change: Real average hourly earnings fell 0.1 percent, seasonally adjusted, from May 2013 to May 2014. This decrease in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.1 percent decrease 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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