Real average hourly earnings for all employees rose 0.1 percent from July to August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This increase 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 rose 0.4 percent over the month due to the increase in real average hourly earnings and a 0.3 percent increase in the average workweek.
Real average hourly earnings rose 0.7 percent, seasonally adjusted, from August 2012 to August 2013.
The increase in real average hourly earnings, combined with a 0.3 percent increase in the
average workweek, resulted in a 1.0 percent increase in real average weekly earnings over this period.
