TEXT Table A. Composition of change in real earnings (production or Table 1. Earnings of production or nonsupervisory workers on private Table 2. Earnings of production or nonsupervisory workers on private nonfarm payrolls1/, seasonally adjusted Technical information: (202) 606-6555 USDL 94-125 Media contact: 606-5902 WIRE EMBARGO UNTIL 10:00 A.M. (EST) WEDNESDAY, MARCH 16, 1994 REAL EARNINGS IN FEBRUARY 1994 Real average weekly earnings fell 1.5 percent from January to February after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. This drop stemmed from a 1.4 percent decline in average weekly hours coupled with a 0.2 percent rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). These movements were partially offset by a 0.2 percent increase in average hourly earnings. Data on average weekly earnings are collected from the payroll reports of private nonfarm establishments. Earnings of both full-time and part-time workers holding production or nonsupervisory jobs are included. Real average weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W. Average weekly earnings rose by 2.3 percent between February of 1993 and 1994 as a result of a 2.6 percent increase in average hourly earnings and a 0.3 percent decline in average weekly hours. After adjustment for a 2.3 percent gain in the CPI-W over the same period, real average weekly earnings were unchanged. Before adjustment for seasonal change and deflation by the CPI-W, average weekly earnings were $375.70 in February 1994, compared with $367.26 a year earlier. _____________________________ Real Earnings for March 1994 will be released on Wednesday, April 13, 1994. Table A. Composition of change in real earnings (production or nonsupervisory workers on private nonfarm payrolls) ________________________________________________________________ | | | | The | Real Year |Average | Average |Average |Consumer |average and | hourly | weekly | weekly | Price | weekly month |earnings | hours |earnings |Index 1/ |earnings | | | | | Percent change from preceding month, seasonally adjusted 1993: | | | | | Feb. | 0.1 | -0.3 | -0.2 | 0.3 | -0.5 Mar. | .4 | -.6 | -.2 | .2 | -.4 Apr. | -.1 | .6 | .5 | .3 | .2 May | .5 | .9 | 1.3 | .3 | 1.1 June | -.1 | -.9 | -1.0 | .1 | -1.0 July | .0 | .3 | .3 | .1 | .2 Aug. | .5 | .6 | 1.0 | .1 | .8 Sept. | .0 | -1.2 | -1.2 | .1 | -1.2 Oct. | .6 | .6 | 1.1 | .4 | .7 Nov. | .1 | .0 | .1 | .2 | -.1 Dec. | .2 | .0 | .2 | .1 | (2) 1994: | | | | | Jan. p | .5 | .9 | 1.4 | .1 | 1.4 Feb. p | .2 | -1.4 | -1.3 | .2 | -1.5 | | | | | Percent change from same month a year ago 1993: | | | | | Feb. | 2.5 | -0.3 | 2.2 | 3.2 | -0.9 Mar. | 2.6 | -.6 | 2.0 | 3.0 | -1.0 Apr. | 2.5 | .3 | 2.8 | 3.1 | -.3 May | 2.8 | .6 | 3.4 | 3.1 | .2 June | 2.3 | .3 | 2.6 | 2.8 | -.2 July | 2.3 | .6 | 2.9 | 2.7 | .2 Aug. | 2.2 | .6 | 2.8 | 2.6 | .1 Sept. | 2.4 | .6 | 3.0 | 2.5 | .5 Oct. | 2.4 | .6 | 3.0 | 2.7 | .4 Nov. | 2.2 | .0 | 2.2 | 2.6 | -.3 Dec. | 2.5 | .6 | 3.1 | 2.5 | .6 1994: | | | | | Jan. p | 2.7 | 1.2 | 3.9 | 2.4 | 1.5 Feb. p | 2.6 | -.3 | 2.3 | 2.3 | (2) | | | | | 1/ The deflator for the for Urban Wage Earners and constant dollar series present- Clerical Workers (CPI-W). ed in this release is derived 2/ Less than 0.05 percent. from the Consumer Price Index p = preliminary. Table 1. Earnings of production or nonsupervisory workers on private nonfarm payrolls in current and constant dollars1/ by industry _______________________________________________________________________ | | | Average | | hourly earnings | Industry | | | Feb. | Jan. | Feb. |Percent change | | 1993 | 1994p | 1994p |Feb. 1993 - | | | | |Feb. 1994 | | | | | | Total private: 2/ | | | | | Current dollars............|$10.77 |$11.06 |$11.05 | 2.6 | Constant (1982) dollars....| 7.42 | 7.46 | 7.44 | .3 | | | | | | Mining: | | | | | Current dollars............| 14.60 | 15.02 | 14.93 | 2.3 | Constant (1982) dollars....| 10.06 | 10.13 | 10.05 | -.1 | | | | | | Construction: | | | | | Current dollars............| 14.11 | 14.38 | 14.42 | 2.2 | Constant (1982) dollars....| 9.72 | 9.70 | 9.70 | -.2 | | | | | | Manufacturing: | | | | | Current dollars............| 11.62 | 11.97 | 12.03 | 3.5 | Constant (1982) dollars....| 8.00 | 8.08 | 8.10 | 1.3 | | | | | | Transportation and | | | | | public utilities: | | | | | Current dollars............| 13.60 | 13.79 | 13.80 | 1.5 | Constant (1982) dollars....| 9.37 | 9.30 | 9.29 | -.9 | | | | | | Wholesale trade: | | | | | Current dollars............| 11.61 | 11.93 | 11.91 | 2.6 | Constant (1982) dollars....| 8.00 | 8.05 | 8.01 | .1 | | | | | | Retail trade: | | | | | Current dollars............| 7.26 | 7.45 | 7.44 | 2.5 | Constant (1982) dollars....| 5.00 | 5.03 | 5.01 | .2 | | | | | | Finance, insurance, | | | | | and real estate: | | | | | Current dollars............| 11.19 | 11.76 | 11.74 | 4.9 | Constant (1982) dollars....| 7.71 | 7.94 | 7.90 | 2.5 | | | | | | Services: | | | | | Current dollars............| 10.83 | 11.09 | 11.07 | 2.2 | Constant (1982) dollars....| 7.46 | 7.48 | 7.45 | -.1 | | | | | | | | | | | _________________________________________________________________________ | | Average | weekly earnings Industry | | Feb. | Jan. | Feb. |Percent change | 1993 | 1994p | 1994p |Feb. 1993 - | | | |Feb. 1994 | | | | Total private: 2/ | | | | Current dollars............|$367.26 |$380.46 |$375.70 | 2.3 Constant (1982) dollars....| 252.93 | 256.72 | 252.83 | (3) | | | | Mining: | | | | Current dollars............| 635.10 | 659.38 | 650.95 | 2.5 Constant (1982) dollars....| 437.40 | 444.93 | 438.06 | .2 | | | | Construction: | | | | Current dollars............| 517.84 | 532.06 | 519.12 | .2 Constant (1982) dollars....| 356.64 | 359.01 | 349.34 | -2.0 | | | | Manufacturing: | | | | Current dollars............| 477.58 | 496.76 | 490.82 | 2.8 Constant (1982) dollars....| 328.91 | 335.20 | 330.30 | .4 | | | | Transportation and | | | | public utilities: | | | | Current dollars............| 531.76 | 554.36 | 556.14 | 4.6 Constant (1982) dollars....| 366.23 | 374.06 | 374.25 | 2.2 | | | | Wholesale trade: | | | | Current dollars............| 440.02 | 455.73 | 450.20 | 2.3 Constant (1982) dollars....| 303.04 | 307.51 | 302.96 | (3) | | | | Retail trade: | | | | Current dollars............| 204.73 | 210.09 | 209.81 | 2.5 Constant (1982) dollars....| 141.00 | 141.76 | 141.19 | .1 | | | | Finance, insurance, | | | | and real estate: | | | | Current dollars............| 399.48 | 426.89 | 417.94 | 4.6 Constant (1982) dollars....| 275.12 | 288.05 | 281.25 | 2.2 | | | | Services: | | | | Current dollars............| 349.81 | 360.43 | 356.45 | 1.9 Constant (1982) dollars....| 240.92 | 243.21 | 239.87 | -.4 | | | | | | | | 1/ The deflator for the constant dollar series presented and public utilities, trade, finance, insurance, in this release is derivedfrom the Consumer Price Index for and real estate, and services. Included in this Urban Wage Earners and Cleical Workers (CPI-W). group are approximately four-fifths of all jobs 2/ Data relate to theearnings of production and related on private industry payrolls. workers in mining and manuacturing; construction workers in 3/ Less than 0.05 percent. construction; and nonsuperisory workers in transportation p = preliminary. Table 2. Earnings of production or nonsupervisory workers on private nonfarm payrolls1/, seasonally adjusted ____________________________________________________________________________________________________________________________________ | | | 1993 | 1994 Earnings | | | | | | | | | | | | | | | | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. |Jan. p |Feb. p | | | | | | | | | | | | | | | | | | | | | | | | | | Average hourly earnings: | | | | | | | | | | | | | Current dollars...........| $10.74| $10.78| $10.77| $10.82| $10.81| $10.81| $10.86| $10.86| $10.92| $10.93| $10.95| $11.01| $11.03 Constant (1982) dollars2/.| 7.39| 7.40| 7.38| 7.39| 7.38| 7.37| 7.39| 7.38| 7.39| 7.39| 7.39| 7.42| 7.42 | | | | | | | | | | | | | Average weekly earnings: | | | | | | | | | | | | | Current dollars...........| 369.46| 368.68| 370.49| 375.45| 371.86| 372.95| 376.84| 372.50| 376.74| 377.09| 377.78| 383.15| 378.33 Constant (1982) dollars2/.| 254.27| 253.21| 253.76| 256.45| 253.83| 254.23| 256.35| 253.23| 255.07| 254.79| 254.91| 258.36| 254.60 | | | | | | | | | | | | | | | | | | | | | | | | | | 1/ See footnote 2, table 1. Urban Wage Earners and Clerical Workers (CPI-W). 2/ The deflator for the constant dollar series presented p = preliminary. in this release is derived from the Consumer Price Index for