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Real average hourly earnings increased 0.5 percent from August 2022 to August 2023

September 20, 2023

Real average hourly earnings for all private, nonfarm employees increased 0.5 percent from August 2022 to August 2023. The change in real average hourly earnings combined with a decrease of 0.3 percent in the average workweek resulted in a 0.3-percent increase in real average weekly earnings over this period.

12-month percent change in real hourly and weekly earnings, private sector employees, August 2018 to August 2023
Month Average weekly hours Real weekly earnings Real hourly earnings

Aug 2018

0.3 0.7 0.5

Sep 2018

0.3 1.1 0.7

Oct 2018

0.3 1.1 0.7

Nov 2018

-0.3 1.0 1.3

Dec 2018

0.3 1.8 1.5

Jan 2019

0.3 1.9 1.7

Feb 2019

-0.3 1.7 2.0

Mar 2019

0.0 1.6 1.6

Apr 2019

-0.3 0.8 1.1

May 2019

-0.3 1.1 1.4

Jun 2019

-0.6 1.1 1.7

Jul 2019

-0.3 1.3 1.7

Aug 2019

-0.3 1.3 1.7

Sep 2019

0.0 1.4 1.4

Oct 2019

-0.6 0.8 1.5

Nov 2019

-0.3 0.9 1.3

Dec 2019

-0.6 0.0 0.6

Jan 2020

-0.6 -0.1 0.5

Feb 2020

0.0 0.7 0.7

Mar 2020

-1.2 0.9 2.1

Apr 2020

-0.6 7.1 7.7

May 2020

0.9 7.4 6.5

Jun 2020

0.6 5.0 4.4

Jul 2020

0.6 4.4 3.8

Aug 2020

0.9 4.3 3.4

Sep 2020

1.2 4.6 3.4

Oct 2020

1.5 4.9 3.4

Nov 2020

1.5 4.8 3.3

Dec 2020

1.5 5.6 4.1

Jan 2021

2.0 5.9 3.7

Feb 2021

0.6 4.1 3.5

Mar 2021

2.3 4.1 1.6

Apr 2021

2.0 -1.4 -3.4

May 2021

0.6 -2.0 -2.6

Jun 2021

0.6 -0.7 -1.3

Jul 2021

0.6 -0.3 -0.9

Aug 2021

0.0 -0.7 -0.7

Sep 2021

0.0 -0.5 -0.4

Oct 2021

-0.3 -1.1 -0.8

Nov 2021

0.0 -1.4 -1.3

Dec 2021

0.0 -2.0 -2.0

Jan 2022

-1.1 -2.9 -1.8

Feb 2022

0.3 -2.2 -2.5

Mar 2022

-0.6 -2.9 -2.4

Apr 2022

-0.9 -3.1 -2.2

May 2022

-0.9 -3.6 -2.7

Jun 2022

-0.6 -3.8 -3.2

Jul 2022

-0.6 -3.3 -2.7

Aug 2022

-0.6 -3.2 -2.7

Sep 2022

-0.6 -3.5 -2.9

Oct 2022

-0.3 -3.0 -2.7

Nov 2022

-0.9 -2.8 -2.1

Dec 2022

-1.1 -2.7 -1.6

Jan 2023

0.0 -1.8 -1.8

Feb 2023

-0.6 -1.8 -1.2

Mar 2023

-0.9 -1.5 -0.6

Apr 2023

-0.6 -1.1 -0.5

May 2023

-0.9 -0.7 0.2

Jun 2023

-0.6 0.7 1.3

Jul 2023

-0.9 0.2 1.1

Aug 2023

-0.3 0.3 0.5

For production and nonsupervisory employees, real average hourly earnings increased 0.9 percent over the year. The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 0.4-percent increase in real average weekly earnings over this period.

12-month percent change in real hourly and weekly earnings, production and nonsupervisory employees, August 2018 to August 2023
Month Average weekly hours Real weekly earnings Real hourly earnings

Aug 2018

0.6 0.7 0.1

Sep 2018

0.3 0.9 0.7

Oct 2018

0.0 0.6 0.5

Nov 2018

0.0 1.3 1.3

Dec 2018

0.0 1.7 1.7

Jan 2019

0.6 2.7 2.1

Feb 2019

-0.6 1.6 2.2

Mar 2019

0.0 1.8 1.8

Apr 2019

0.0 1.5 1.5

May 2019

-0.3 1.6 1.8

Jun 2019

-0.6 1.4 1.9

Jul 2019

-0.9 1.1 1.9

Aug 2019

-0.6 1.6 2.2

Sep 2019

-0.3 1.8 2.0

Oct 2019

-0.3 1.8 2.2

Nov 2019

-0.6 1.1 1.6

Dec 2019

-0.3 0.5 0.7

Jan 2020

-0.6 0.1 0.7

Feb 2020

0.0 1.1 1.2

Mar 2020

-0.9 1.4 2.3

Apr 2020

-0.6 7.1 7.7

May 2020

1.2 8.0 6.7

Jun 2020

1.2 6.3 5.1

Jul 2020

1.5 5.4 3.8

Aug 2020

1.8 5.5 3.7

Sep 2020

1.8 5.1 3.2

Oct 2020

1.8 5.1 3.3

Nov 2020

2.4 5.8 3.4

Dec 2020

1.8 5.9 4.1

Jan 2021

2.7 6.4 3.6

Feb 2021

1.2 4.3 3.2

Mar 2021

3.0 4.7 1.7

Apr 2021

2.7 -0.4 -3.1

May 2021

1.2 -1.5 -2.6

Jun 2021

0.9 -0.9 -1.8

Jul 2021

0.9 0.2 -0.6

Aug 2021

0.0 -0.4 -0.5

Sep 2021

0.3 0.4 0.1

Oct 2021

0.0 -0.4 -0.4

Nov 2021

-0.3 -1.3 -1.0

Dec 2021

-0.3 -1.8 -1.5

Jan 2022

-1.4 -2.9 -1.4

Feb 2022

0.6 -1.2 -1.8

Mar 2022

-0.9 -3.0 -2.1

Apr 2022

-0.9 -2.7 -1.8

May 2022

-0.9 -3.1 -2.3

Jun 2022

-0.6 -3.3 -2.7

Jul 2022

-0.9 -3.1 -2.3

Aug 2022

-0.6 -2.8 -2.2

Sep 2022

-0.9 -3.2 -2.4

Oct 2022

-0.6 -2.6 -2.1

Nov 2022

-0.9 -2.2 -1.3

Dec 2022

-0.9 -1.7 -0.8

Jan 2023

0.3 -0.6 -0.8

Feb 2023

-0.9 -1.2 -0.3

Mar 2023

-0.6 0.0 0.6

Apr 2023

-0.9 -0.6 0.2

May 2023

-0.9 0.2 1.2

Jun 2023

-0.9 1.2 2.1

Jul 2023

-0.9 0.9 1.9

Aug 2023

-0.6 0.4 0.9

These data are from the Current Employment Statistics program and are seasonally adjusted. Earnings for the most recent 2 months are preliminary. For more information, see "Real Earnings — August 2023." The Consumer Price Index is used to adjust earnings for inflation.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Real average hourly earnings increased 0.5 percent from August 2022 to August 2023 at https://www.bls.gov/opub/ted/2023/real-average-hourly-earnings-increased-0-5-percent-from-august-2022-to-august-2023.htm (visited December 03, 2023).

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