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The Economics Daily

Real weekly earnings up 3.7 percent for year ended December 2020 


January 19, 2021
Real average hourly earnings for all employees increased 3.7 percent from December 2019 to December 2020. The change in real average hourly earnings combined with an increase of 1.2 percent in the average workweek resulted in a 4.9-percent increase in real average weekly earnings over this period. The increases in real average hourly and weekly earnings largely reflect the substantial job loss over the year among lower-paid workers as a result of the COVID-19 pandemic and efforts to contain it. Full Text »
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