CPI: Real Earnings – December, 2014

REAL EARNINGS * DECEMBER 2014

All employees

Real average hourly earnings for all employees rose 0.1 percent from November to December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2 percent decrease in average hourly earnings combined with a 0.4 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings increased by 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 by 1.0 percent, seasonally adjusted, from December 2013 to December 2014. This increase in real average hourly earnings, combined with a 0.9 percent increase in the average workweek, resulted in a 1.9 percent increase in real average weekly earnings over this period.

Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees rose 0.2 from November to December, seasonally adjusted. This result stems from a 0.3 percent decrease in average hourly earnings combined with a 0.5 percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Real average weekly earnings increased by 0.5 percent over the month due to the increase in real average hourly earnings combined with an increase of 0.3 percent in the average workweek.

Real average hourly earnings increased by 1.5 percent, seasonally adjusted, from December 2013 to December 2014. The increase in real average hourly earnings, combined with a 1.2 percent increase in the average workweek, resulted in a 2.6 percent increase in real average weekly earnings over this period.

• Table A-1. Current and real (constant 1982-1984 dollars) earnings for all employees on private nonfarm payrolls, seasonally adjusted
• Table A-2. Current and real (constant 1982-1984 dollars) earnings for production and nonsupervisory employees on private nonfarm payrolls, seasonally adjusted
• Real Earnings technical note
• HTML version of the entire news release

Source: Bureau of Labor Statistics