All Employees
Real average hourly earnings for all employees decreased 0.1% from January to February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This result stems from an increase of 0.2% in average hourly earnings combined with an increase of 0.4% in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.4% over the month due to the change in real average hourly earnings combined with a 0.3% decrease in the average workweek. Real average hourly earnings decreased 1.3%, seasonally adjusted, from February 2022 to February 2023. The change in real average hourly earnings combined with a decrease of 0.6% in the average workweek resulted in a 1.9% decrease in real average weekly earnings over this period.
Production and Nonsupervisory Employees
Real average hourly earnings for production and nonsupervisory employees increased 0.1% from January to February, seasonally adjusted. This result stems from a 0.5% increase in average hourly earnings combined with an increase of 0.3% in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Real average weekly earnings decreased 0.4% over the month due to the change in real average hourly earnings combined with a 0.6% decrease in the average workweek. From February 2022 to February 2023, real average hourly earnings decreased 0.3%, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9% in the average workweek resulted in a 1.2% decrease in real average weekly earnings over this period.
