Professional Service Agreement

Average Hourly Earnings Decrease 0.5% in July, CPI Remains Unchanged

August 11, 2022

The U.S. Bureau of Labor Statistics has reported that real average hourly earnings for all employees decreased 0.5 percent from June to July. This result stems from an increase of 0.5 percent in average hourly earnings combined with no change in the Consumer Price Index (CPI). Real average hourly earnings decreased 3.0 percent from July 2021 to July 2022.