Park Community Credit Union - Real Earnings Unchanged

Real average hourly earnings for all employees were unchanged from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.

This result stems from a 0.1-percent increase in average hourly earnings being offset by a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Essentially, gas prices are up but are wages aren’t rising faster.

Real average weekly earnings decreased 0.1 percent over the month due to no change in both real average hourly earnings and the average workweek.

Real average hourly earnings increased 0.2 percent, seasonally adjusted, from April 2017 to April 2018.

The increase in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 0.4-percent increase in real average weekly earnings over this period.

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