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Real Average Earnings Fall in February

March 17 2011

Real average hourly earnings for all employees fell 0.5 percent in February from January, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. A 0.5 percent increase in the Consumer Price Index for All Urban Consumers contributed to the decline in real earnings while average hourly earnings remained unchanged, according to the BLS.

Year-over-year, real average hourly earnings fell by 0.4 percent, seasonally adjusted, in February. A 0.6 percent increase in average weekly hours combined with the decrease in real average hourly earnings resulted in a 0.2 percent increase in real average weekly earnings during this period.

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