Real earnings in May
June 20, 2003
Real average weekly earnings increased by 0.5 percent from April to May after seasonal adjustment.
[Chart data—TXT]
This increase was due to a 0.3-percent rise in average hourly earnings and a 0.1-percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours were unchanged.
Average weekly earnings rose by 2.6 percent, seasonally adjusted, from May 2002 to May 2003. After deflation by the CPI-W, average weekly earnings increased by 0.6 percent.
These earnings data are from 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 May 2003" (PDF) (TXT), news release USDL 03-312.
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