Real average weekly earnings fall in July
August 20, 2002
Real average weekly earnings declined by 0.8 percent from June to July after seasonal adjustment.
[Chart data—TXT]
A 0.9-percent decrease in average weekly hours and a 0.2-percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) were only partly offset by a 0.3-percent rise in average hourly earnings.
From July 2001 to July 2002, real average weekly earnings rose by 1.3 percent.
These earnings data are a product of the Current Employment Statistics Program. These data are for production and nonsupervisory workers in private nonfarm establishments. Earnings data are preliminary and subject to revision. Find out more in "Real Earnings in July 2002," (PDF) (TXT) news release USDL 02-481.
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