August 10, 2018

The Bureau of Labour Statistics reported that, “Real average hourly earnings for all employees were unchanged from June to July. This result stems from a 0.3 percent increase in average hourly earnings combined with a 0.2 percent increase in the Consumer Price Index for all Urban Consumers (CPI-U).”

The report mentioned that due to no change in the real average hourly earnings, there was a decline in real average weekly earnings by 0.2 percent. This was combined with a 0.3 percent decrease in the average workweek.

 

 

From July 2017 to July 2018, there was a 0.2 percent decline in real average hourly earnings. Combining the change in real average hourly earnings with the 0.3 percent increase in the average workweek, there was a 0.1 increase in real average weekly earnings over this period.

Production and non-supervisory employees

 For the period between June to July, real average hourly earnings decreased by 0.1 percent for production and non-supervisory employees. This was a result of a 0.1 percent increase in average hourly earnings combined with a 0.1 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

“After combining the change in real average hourly earnings with no average weekly hours, real average weekly earnings were unchanged over the month.”

 

 

There was a decrease of 0.4 percent between July 2017 to July 2018, in real average hourly earnings. This has been combined with the change in real average hourly earnings with a 0.3 percent increase in the average workweek resulting in a 0.1 percent decrease in real average weekly earnings over this period.

 

The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.