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Economic News Release
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Real Earnings Summary

Transmission of material in this release is embargoed until	                   USDL- 24-0484
8:30 a.m. (ET) Tuesday, March 12, 2024

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

REAL EARNINGS – FEBRUARY 2024

All employees

Real average hourly earnings for all employees decreased 0.4 percent from January to February, 
seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an 
increase of 0.1 percent in average hourly earnings combined with an increase of 0.4 percent in the 
Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings were unchanged over the month due to the change in real average hourly 
earnings combined with a 0.3-percent increase in the average workweek.  

Real average hourly earnings increased 1.1 percent, seasonally adjusted, from February 2023 to 
February 2024. The change in real average hourly earnings combined with a decrease of 0.6 percent in 
the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this 
period.


Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees decreased 0.2 percent from 
January to February, seasonally adjusted. This result stems from a 0.2-percent increase in average hourly 
earnings combined with an increase of 0.5 percent in the Consumer Price Index for Urban Wage Earners 
and Clerical Workers (CPI-W).

Real average weekly earnings increased 0.6 percent over the month due to the change in real average 
hourly earnings combined with a 0.9-percent increase in the average workweek.  

From February 2023 to February 2024, real average hourly earnings increased 1.4 percent, seasonally 
adjusted. The change in real average hourly earnings combined with a decrease of 0.3 percent in the 
average workweek resulted in a 1.1-percent increase in real average weekly earnings over this period. 


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Real Earnings for March 2024 is scheduled to be released on April 10, 2024, at 8:30 a.m. (ET).

	 


Last Modified Date: March 12, 2024