Real Average Hourly Earnings Increased 0.1% in August, CPI For All Items Increased 0.2%
September 17, 2018
The U.S. Bureau of Labor Statistics Real has reported that average hourly earnings for all employees increased 0.1 percent from July to August. This result stems from a 0.4-percent increase in average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI). Real average hourly earnings increased 0.2 percent from August 2017 to August 2018. The change in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period. SESCO has a long history of ensuring employers' compensation programs and incentives are tracking current trends. We recommend employers consider having SESCO assist with Wage Surveys and other assessment tools to ensure compensation offered is competitive.
