Real earnings decline in January 2005
February 25, 2005
Real average weekly earnings fell by 0.2 percent from December 2004 to January 2005 after seasonal adjustment.
A 0.2-percent increase in average hourly earnings was more than offset by a 0.3-percent decline in average weekly hours and a 0.1-percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Average weekly earnings rose by 2.3 percent, seasonally adjusted, from January 2004 to January 2005. After deflation by the CPI-W, average weekly earnings decreased by 0.7 percent over the year.
These earnings data are from the Current Employment Statistics Program. These data are for production and nonsupervisory workers in private nonfarm establishments. Earnings data are preliminary and subject to revision. Find out more in "Real Earnings in January 2005" (PDF) (TXT), news release USDL 05-305.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Real earnings decline in January 2005 on the Internet at http://www.bls.gov/opub/ted/2005/feb/wk3/art04.htm (visited November 24, 2014).
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