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Real average hourly earnings down 1.3 percent from February 2022 to February 2023

March 21, 2023

Real average hourly earnings for all employees on private nonfarm payrolls—that is, earnings that have been adjusted for changes in consumer prices—decreased 1.3 percent from February 2022 to February 2023. The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 1.9-percent decrease in real average weekly earnings over this period.

12-month percent changes in real average hourly and weekly earnings and average weekly hours, private sector employees, February 2022 to February 2023
Month All employees Production and nonsupervisory employees
Real hourly earnings Average weekly hours Real weekly earnings Real hourly earnings Average weekly hours Real weekly earnings

Feb 2022

-2.5% 0.3% -2.2% -1.8% 0.6% -1.2%

Mar 2022

-2.4 -0.6 -2.9 -2.1 -0.9 -3.0

Apr 2022

-2.2 -0.9 -3.1 -1.8 -0.9 -2.7

May 2022

-2.7 -0.9 -3.6 -2.3 -0.9 -3.1

Jun 2022

-3.2 -0.6 -3.8 -2.7 -0.6 -3.3

Jul 2022

-2.7 -0.6 -3.3 -2.3 -0.9 -3.1

Aug 2022

-2.7 -0.6 -3.2 -2.2 -0.6 -2.8

Sep 2022

-2.9 -0.6 -3.5 -2.4 -0.9 -3.2

Oct 2022

-2.7 -0.3 -3.0 -2.1 -0.6 -2.6

Nov 2022

-2.1 -0.9 -2.8 -1.3 -0.9 -2.2

Dec 2022

-1.6 -1.1 -2.7 -0.8 -0.9 -1.7

Jan 2023

-1.9 0.0 -1.9 -0.8 0.3 -0.6

Feb 2023

-1.3 -0.6 -1.9 -0.3 -0.9 -1.2

Real average hourly earnings have decreased on a 12-month basis in each of the last 13 months, while the average workweek has declined in each month except for the period ending February 2022 (0.3 percent) and the period ending January 2023 (no change).

For production and nonsupervisory employees, real average hourly earnings decreased 0.3 percent from February 2022 to February 2023. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 1.2-percent decrease in real average weekly earnings over this period.

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 — February 2023." The Consumer Price Index is used to adjust earnings for changes in consumer prices.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Real average hourly earnings down 1.3 percent from February 2022 to February 2023 at https://www.bls.gov/opub/ted/2023/real-average-hourly-earnings-down-1-3-percent-from-february-2022-to-february-2023.htm (visited July 17, 2024).

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