Real average hourly earnings for all employees fell 0.6 percent from January to February, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2 percent
increase in average hourly earnings being more than offset by a 0.7 percent increase in the Consumer
Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings fell 0.2 percent over the month due to the decrease in real average hourly
earnings combined with a 0.3 percent increase in the average workweek.
Real average hourly earnings rose 0.1 percent, seasonally adjusted, from February 2012 to February
2013. The increase in real average hourly earnings, combined with a 0.3 percent decrease in the average
workweek, resulted in a 0.2 percent decrease in real average weekly earnings over this period. (more…)