Average Hourly Earnings Increase 0.4% in March, CPI For All Items Decreases 0.1%
April 16, 2018
The U.S. Bureau of Labor Statistics (BLS) has reported that real average hourly earnings for all employees increased 0.4 percent from February to March. This result stems from a 0.3-percent increase in average hourly earnings combined with a 0.1-percent decrease in the Consumer Price Index (CPI).
Real average weekly earnings increased 0.4 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 0.4 percent, seasonally adjusted, from March 2017 to March 2018. The increase in real average hourly earnings combined with a 0.6-percent increase in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over this period.
