Real earnings up in July 2004
August 20, 2004
Real average weekly earnings increased by 0.7 percent from June to July after seasonal adjustment.
[Chart data—TXT]
This was due to a 0.3-percent increase in average hourly earnings, a 0.3-percent rise in average weekly hours, and a 0.1-percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Average weekly earnings rose by 2.3 percent, seasonally adjusted, from July 2003 to July 2004. After deflation by the CPI-W, average weekly earnings declined by 0.7 percent over the year.
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 July 2004" (PDF) (TXT), news release USDL 04-1588.
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