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Real average weekly earnings down 3.6 percent from July 2021 to July 2022

August 16, 2022

Real (adjusted for inflation) average weekly earnings decreased 3.6 percent from July 2021 to July 2022. During this period, real average hourly earnings decreased 3.0 percent.

Weekly earnings of all employees and consumer price index, January 2012–July 2022
Month Average weekly earnings of all employees, total private, seasonally adjusted Real average weekly earnings of all employees, 1982–1984 dollars, total private, seasonally adjusted 12-month change, Consumer Price Index for All Urban Consumers (CPI-U)
Average weekly earnings 12-month percent change Real average weekly earnings 12-month percent change

Jan 2012

$801.78 2.6% $351.90 -0.4% 2.9%

Feb 2012

802.82 2.3 351.61 -0.5 2.9

Mar 2012

803.58 2.4 351.20 -0.1 2.7

Apr 2012

806.96 2.3 352.10 0.1 2.3

May 2012

804.62 2.0 351.80 0.3 1.7

Jun 2012

807.02 2.3 353.14 0.6 1.7

Jul 2012

808.74 1.8 353.80 0.4 1.4

Aug 2012

808.06 2.1 351.46 0.4 1.7

Sep 2012

810.81 2.0 350.98 0.0 2.0

Oct 2012

810.46 1.6 349.88 -0.6 2.2

Nov 2012

812.87 1.9 351.51 0.1 1.8

Dec 2012

818.69 2.5 354.07 0.8 1.7

Jan 2013

817.34 1.9 352.79 0.3 1.6

Feb 2013

820.07 2.1 352.06 0.1 2.0

Mar 2013

821.45 2.2 353.64 0.7 1.5

Apr 2013

821.13 1.8 354.25 0.6 1.1

May 2013

824.21 2.4 355.43 1.0 1.4

Jun 2013

826.97 2.5 355.77 0.7 1.8

Jul 2013

824.91 2.0 354.19 0.1 2.0

Aug 2013

829.04 2.6 355.12 1.0 1.5

Sep 2013

827.66 2.1 354.39 1.0 1.2

Oct 2013

828.70 2.3 354.65 1.4 1.0

Nov 2013

833.52 2.5 356.05 1.3 1.2

Dec 2013

831.45 1.6 354.23 0.0 1.5

Jan 2014

832.82 1.9 353.96 0.3 1.6

Feb 2014

834.18 1.7 354.15 0.6 1.1

Mar 2014

838.70 2.1 355.34 0.5 1.5

Apr 2014

839.73 2.3 355.11 0.2 2.0

May 2014

841.80 2.1 355.31 0.0 2.1

Jun 2014

843.53 2.0 355.57 -0.1 2.1

Jul 2014

844.56 2.4 355.61 0.4 2.0

Aug 2014

849.78 2.5 357.86 0.8 1.7

Sep 2014

847.32 2.4 356.80 0.7 1.7

Oct 2014

850.47 2.6 358.20 1.0 1.7

Nov 2014

852.89 2.3 359.90 1.1 1.3

Dec 2014

852.89 2.6 361.01 1.9 0.8

Jan 2015

853.19 2.4 363.45 2.7 -0.1

Feb 2015

857.39 2.8 364.32 2.9 0.0

Mar 2015

856.98 2.2 363.16 2.2 -0.1

Apr 2015

858.71 2.3 363.52 2.4 -0.2

May 2015

861.12 2.3 363.34 2.3 0.0

Jun 2015

861.81 2.2 362.63 2.0 0.1

Jul 2015

862.85 2.2 362.49 1.9 0.2

Aug 2015

865.95 1.9 363.79 1.7 0.2

Sep 2015

866.30 2.2 364.76 2.2 0.0

Oct 2015

871.92 2.5 366.76 2.4 0.2

Nov 2015

870.78 2.1 365.85 1.7 0.5

Dec 2015

871.82 2.2 366.68 1.6 0.7

Jan 2016

877.46 2.8 369.22 1.6 1.4

Feb 2016

873.42 1.9 368.01 1.0 1.0

Mar 2016

875.48 2.2 367.73 1.3 0.9

Apr 2016

878.23 2.3 367.47 1.1 1.1

May 2016

879.61 2.1 367.18 1.1 1.0

Jun 2016

881.67 2.3 367.02 1.2 1.0

Jul 2016

883.74 2.4 368.07 1.5 0.8

Aug 2016

882.20 1.9 366.75 0.8 1.1

Sep 2016

886.49 2.3 367.57 0.8 1.5

Oct 2016

890.27 2.1 368.27 0.4 1.6

Nov 2016

891.30 2.4 368.27 0.7 1.7

Dec 2016

892.34 2.4 367.77 0.3 2.1

Jan 2017

895.43 2.0 367.55 -0.5 2.5

Feb 2017

894.54 2.4 366.61 -0.4 2.7

Mar 2017

895.57 2.3 367.20 -0.1 2.4

Apr 2017

900.25 2.5 368.66 0.3 2.2

May 2017

901.62 2.5 369.51 0.6 1.9

Jun 2017

903.34 2.5 369.97 0.8 1.6

Jul 2017

906.44 2.6 371.12 0.8 1.7

Aug 2017

907.13 2.8 369.98 0.9 1.9

Sep 2017

908.61 2.5 368.70 0.3 2.2

Oct 2017

911.26 2.4 369.49 0.3 2.0

Nov 2017

915.63 2.7 370.27 0.5 2.2

Dec 2017

919.43 3.0 371.03 0.9 2.1

Jan 2018

919.51 2.7 369.66 0.6 2.1

Feb 2018

922.88 3.2 369.98 0.9 2.2

Mar 2018

926.33 3.4 371.15 1.1 2.4

Apr 2018

927.71 3.1 370.87 0.6 2.5

May 2018

930.47 3.2 371.03 0.4 2.8

Jun 2018

932.54 3.2 371.36 0.4 2.9

Jul 2018

934.95 3.1 372.01 0.2 2.9

Aug 2018

938.75 3.5 372.89 0.8 2.7

Sep 2018

942.20 3.7 373.53 1.3 2.3

Oct 2018

943.92 3.6 373.29 1.0 2.5

Nov 2018

943.59 3.1 373.47 0.9 2.2

Dec 2018

950.82 3.4 376.49 1.5 1.9

Jan 2019

952.20 3.6 377.15 2.0 1.6

Feb 2019

952.88 3.3 376.43 1.7 1.5

Mar 2019

959.10 3.5 377.19 1.6 1.9

Apr 2019

955.63 3.0 374.52 1.0 2.0

May 2019

958.04 3.0 375.22 1.1 1.8

Jun 2019

961.14 3.1 376.38 1.4 1.6

Jul 2019

964.23 3.1 376.80 1.3 1.8

Aug 2019

967.67 3.1 377.73 1.3 1.7

Sep 2019

968.36 2.8 377.39 1.0 1.7

Oct 2019

971.11 2.9 377.42 1.1 1.8

Nov 2019

972.41 3.1 377.21 1.0 2.1

Dec 2019

973.09 2.3 376.78 0.1 2.3

Jan 2020

975.15 2.4 376.97 0.0 2.5

Feb 2020

982.46 3.1 379.32 0.8 2.3

Mar 2020

981.74 2.4 380.28 0.8 1.5

Apr 2020

1,026.34 7.4 400.77 7.0 0.3

May 2020

1,030.94 7.6 402.80 7.4 0.1

Jun 2020

1,015.86 5.7 394.94 4.9 0.6

Jul 2020

1,017.59 5.5 393.59 4.5 1.0

Aug 2020

1,022.96 5.7 394.08 4.3 1.3

Sep 2020

1,026.95 6.1 394.69 4.6 1.4

Oct 2020

1,030.60 6.1 395.85 4.9 1.2

Nov 2020

1,031.82 6.1 395.76 4.9 1.2

Dec 2020

1,038.22 6.7 396.93 5.3 1.4

Jan 2021

1,047.55 7.4 399.52 6.0 1.4

Feb 2021

1,039.38 5.8 394.68 4.0 1.7

Mar 2021

1,049.09 6.9 395.84 4.1 2.6

Apr 2021

1,053.98 2.7 395.15 -1.4 4.2

May 2021

1,059.56 2.8 394.48 -2.1 5.0

Jun 2021

1,062.10 4.6 391.98 -0.7 5.4

Jul 2021

1,067.32 4.9 392.13 -0.4 5.4

Aug 2021

1,067.37 4.3 390.85 -0.8 5.3

Sep 2021

1,076.02 4.8 392.40 -0.6 5.4

Oct 2021

1,082.63 5.0 391.42 -1.1 6.2

Nov 2021

1,086.80 5.3 390.20 -1.4 6.8

Dec 2021

1,092.02 5.2 389.83 -1.8 7.0

Jan 2022

1,091.98 4.2 387.32 -3.1 7.5

Feb 2022

1,096.52 5.5 385.85 -2.2 7.9

Mar 2022

1,098.55 4.7 381.83 -3.5 8.5

Apr 2022

1,102.36 4.6 381.88 -3.4 8.3

May 2022

1,106.51 4.4 379.63 -3.8 8.6

Jun 2022

1,111.35 4.6 376.31 -4.0 9.1

Jul 2022

1,116.54 4.6 378.14 -3.6 8.5

Note: Earnings data for the 2 most recent months are preliminary.

The change in real average hourly earnings, combined with a 0.6 percent decrease in the average workweek, resulted in the 3.6-percent decrease in real average weekly earnings since July 2021. The Consumer Price Index for all Urban Consumers increased 8.5 percent over the year.

Since January 2012, average weekly earnings not adjusted for inflation have increased from $801.78 to $1,116.54. Real average weekly earnings (in 1982–1984 dollars) were $351.90 in January 2012 and rose to $402.80 in May 2020 before trending down, reaching $378.14 in July 2022.

These data are from the Current Employment Statistics survey and are seasonally adjusted. Earnings for the most recent 2 months are preliminary. For more information, see "Real Earnings — July 2022." The Consumer Price Index is used to adjust earnings for inflation.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Real average weekly earnings down 3.6 percent from July 2021 to July 2022 at https://www.bls.gov/opub/ted/2022/real-average-weekly-earnings-down-3-6-percent-from-july-2021-to-july-2022.htm (visited September 24, 2022).

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