Real Earnings Summary

Transmission of material in this release is embargoed until	                              USDL- 24-0654
8:30 a.m. (ET) Wednesday, April 10, 2024

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REAL EARNINGS – MARCH 2024

All employees

Real average hourly earnings for all employees were unchanged from February to March, seasonally 
adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 
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 increased 0.3 percent over the month due to no change in real average 
hourly earnings combined with a 0.3-percent increase in the average workweek.  
 
Real average hourly earnings increased 0.6 percent, seasonally adjusted, from March 2023 to March 
2024. The change in real average hourly earnings combined with no change in the average workweek 
resulted in a 0.6-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 
February to March, seasonally adjusted. This result stems from a 0.2-percent increase in average hourly 
earnings combined with an increase of 0.4 percent in the Consumer Price Index for Urban Wage Earners 
and Clerical Workers (CPI-W).

Real average weekly earnings increased 0.1 percent over the month due to the change in real average 
hourly earnings combined with a 0.3-percent increase in the average workweek.  

From March 2023 to March 2024, real average hourly earnings increased 0.7 percent, seasonally 
adjusted. The change in real average hourly earnings combined with no change in the average workweek 
resulted in a 0.7-percent increase in real average weekly earnings over this period. 


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Real Earnings for April 2024 is scheduled to be released on May 15, 2024, at 8:30 a.m. (ET).