Real earnings up in October
November 20, 2003
Real average weekly earnings increased by 0.5 percent from September to October after seasonal adjustment.
[Chart data—TXT]
The change resulted from a 0.1-percent increase in average hourly earnings, a 0.3-percent increase in average weekly hours, and a 0.2-percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Average weekly earnings rose by 2.4 percent, seasonally adjusted, from October 2002 to October 2003. After deflation by the CPI-W, average weekly earnings increased by 0.5 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 October 2003" (PDF) (TXT), news release USDL 03-735.
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