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Economic News Release
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Real Earnings Summary

Transmission of material in this release is embargoed until	                        USDL- 24-0266
8:30 a.m. (ET) Tuesday, February 13, 2024

Technical information:	(202) 691-6555  *  cesinfo@bls.gov   *  www.bls.gov/ces
Media contact:	        (202) 691-5902  *  PressOffice@bls.gov

REAL EARNINGS  JANUARY 2024

All employees

Real average hourly earnings for all employees increased 0.3 percent from December to January, 
seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an 
increase of 0.6 percent in average hourly earnings combined with an increase of 0.3 percent in the 
Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings decreased 0.3 percent over the month due to the change in real average 
hourly earnings combined with a 0.6-percent decrease in the average workweek.  

Real average hourly earnings increased 1.4 percent, seasonally adjusted, from January 2023 to January 
2024. The change in real average hourly earnings combined with a decrease of 1.4 percent in the 
average workweek resulted in a 0.1-percent decrease in real average weekly earnings over this period.


Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees increased 0.2 percent from 
December to January, seasonally adjusted. This result stems from a 0.4-percent increase in average 
hourly earnings combined with an increase of 0.2 percent in the Consumer Price Index for Urban Wage 
Earners and Clerical Workers (CPI-W).

Real average weekly earnings decreased 0.4 percent over the month due to the change in real average 
hourly earnings combined with a 0.6-percent decrease in the average workweek.  

From January 2023 to January 2024, real average hourly earnings increased 1.8 percent, seasonally 
adjusted. The change in real average hourly earnings combined with a decrease of 1.5 percent in the 
average workweek resulted in a 0.3-percent increase in real average weekly earnings over this period. 


********************************************************************************************************
*                                 Revisions to Real Earnings Data                                      *
*                                                                                                      *
*  The seasonally adjusted constant-dollar series have been revised to reflect new seasonal adjustment *
*  factors for the CPI-U and CPI-W. This revision affects real earnings for both all employees and     *
*  production and nonsupervisory employees from January 2019 through December 2023.                    *
*                                                                                                      *
*  The estimates of average weekly hours and average hourly and weekly earnings have been revised to   *
*  reflect new employment benchmarks and the updating of seasonal adjustment factors. Seasonally       *
*  adjusted hours and earnings series have been revised from January 2019 through December 2023.       *
*  Unadjusted data have been revised from April 2022 through December 2023.                            *
********************************************************************************************************

____________
Real Earnings for February 2024 is scheduled to be released on March 12, 2024, at 8:30 a.m. (ET).

	 


Last Modified Date: February 13, 2024