Decline in wages and salaries in constant dollars, June 2005-June 2006
August 01, 2006
Measured in "constant dollars," it is estimated that wages and salaries for private industry workers dropped 1.5 percent for the year ended June 2006, compared with no over-the-year change in June 2005.
Wages and salaries declined 1.2 percent for State and local government for the year ended June 2006, compared with an over-the-year change of -0.1 percent in June 2005.
These changes are computed in terms of December 2005 dollars using the Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average All Items, to give an approximate measure of changes in wages and salaries after adjustment for the changes over the same time in the price of consumer goods and services. The unadjusted data on wages and salaries are Employment Cost Index (ECI) series.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Decline in wages and salaries in constant dollars, June 2005-June 2006 on the Internet at http://www.bls.gov/opub/ted/2006/jul/wk5/art02.htm (visited December 22, 2014).