US: Real average hourly earnings for all employees increased 0.2% from June to July
|"Real average hourly earnings for all employees increased 0.2 percent from June to July, seasonally adjusted," the U.S. Bureau of Labor Statistics said on Friday.
Key takeaways:
- This result stems from a 0.3-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 0.2 percent over the month due to the increase in real average hourly earnings combined with no change in the average workweek
- Real average hourly earnings increased 0.7 percent, seasonally adjusted, from July 2016 to July 2017
- The increase in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 1.1-percent increase in real average weekly earnings over this period.
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