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TRANSMISSION OF MATERIAL
IN THIS RELEASE IS EMBARGOED
UNTIL 8:30 AM EDT, WEDNESDAY,
MAY 14, 2008
REAL EARNINGS IN APRIL 2008
Real average weekly earnings fell by 0.5 percent from March to April after
seasonal adjustment, according to preliminary data released today by the Bureau
of Labor Statistics of the U.S. Department of Labor. A 0.1 percent increase in
average hourly earnings was offset by a 0.3 percent decrease in average weekly
hours and a 0.2 percent increase in the Consumer Price Index for Urban Wage
Earners and Clerical Workers (CPI-W).
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 3.1 percent, seasonally adjusted, from
April 2007 to April 2008. After deflation by the CPI-W, average weekly earnings
decreased by 1.0 percent. Before adjustment for seasonal change and inflation,
average weekly earnings were $599.65 in April 2008, compared with $588.50 a year
earlier.
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Real Earnings for May 2008 will be released on Friday, June 13, 2008.