For the Month: Real average hourly earnings for all employees increased by 0.1 percent from June to July, seasonally adjusted. This result stems from a 0.2-percent increase in average hourly earnings being partially offset by a 0.1-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased by 0.4 percent over the month due to the increase in real average hourly earnings combined with an increase of 0.3 percent in the average workweek.
Last 12 Months: Real average hourly earnings increased by 1.9 percent, seasonally adjusted, from July 2014 to July 2015. This increase in real average hourly earnings, combined with a 0.3-percent increase in the average workweek, resulted in a 2.2-percent increase in real average weekly earnings over this period.
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*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.
NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.
© 2015 Connecticut Human Resource Reports, LLC
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