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Economic News Release
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Table A-1. Current and real (constant 1982-1984 dollars) earnings for all employees on private nonfarm payrolls, seasonally adjusted

Table A-1. Current and real (constant 1982-1984 dollars) earnings for all employees on private nonfarm payrolls, seasonally adjusted
Mar.
2023
Jan.
2024
Feb.
2024(p)
Mar.
2024(p)

Real average hourly earnings(1)

$11.04 $11.14 $11.11 $11.11

Real average weekly earnings(1)

$379.75 $381.11 $381.20 $382.20

Consumer Price Index for All Urban Consumers

301.744 309.685 311.054 312.230

Average hourly earnings

$33.31 $34.51 $34.57 $34.69

Average weekly hours

34.4 34.2 34.3 34.4

Average weekly earnings

$1,145.86 $1,180.24 $1,185.75 $1,193.34

OVER-THE-MONTH PERCENT CHANGE

Real average hourly earnings(1)

0.5 0.2 -0.3 0.0

Real average weekly earnings(1)

0.1 -0.4 0.0 0.3

Consumer Price Index for All Urban Consumers

0.1 0.3 0.4 0.4

Average hourly earnings

0.5 0.5 0.2 0.3

Average weekly hours

-0.3 -0.6 0.3 0.3

Average weekly earnings

0.2 -0.1 0.5 0.6

OVER-THE-YEAR PERCENT CHANGE

Real average hourly earnings(1)

-0.3 1.2 1.1 0.6

Real average weekly earnings(1)

-1.2 0.0 0.5 0.6

Consumer Price Index for All Urban Consumers

4.9 3.1 3.2 3.5

Average hourly earnings

4.6 4.4 4.3 4.1

Average weekly hours

-0.9 -1.2 -0.6 0.0

Average weekly earnings

3.7 3.1 3.7 4.1

Footnotes
(1) The Consumer Price Index for All Urban Consumers (CPI-U) is used to deflate the earnings series for all employees.
(p) Preliminary

Last Modified Date: April 10, 2024