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Real average weekly earnings down 1.5 percent from January 2022 to January 2023

February 17, 2023

Real average weekly earnings for all employees—that is, earnings that have been adjusted for changes in consumer prices—decreased 1.5 percent from January 2022 to January 2023. The change in real average weekly earnings resulted from a 1.8-percent decrease in real average hourly earnings and a 0.3-percent increase in the average workweek over this period.

12-month percent change in real hourly and weekly earnings, private sector employees, January 2018 to January 2023
Month All employees, average weekly earnings Production and nonsupervisory employees, average weekly earnings All employees, average hourly earnings Production and nonsupervisory employees, average hourly earnings All employees, average weekly hours Production and nonsupervisory employees, average weekly hours

Jan 2018

0.6% 0.4% 0.7% 0.4% 0.0% 0.0%

Feb 2018

1.0 0.9 0.4 0.2 0.6 0.6

Mar 2018

1.1 1.0 0.5 0.4 0.6 0.6

Apr 2018

0.7 0.1 0.4 0.1 0.3 0.0

May 2018

0.4 0.2 0.2 0.0 0.3 0.3

Jun 2018

0.7 0.2 0.1 0.0 0.6 0.3

Jul 2018

0.2 0.0 -0.1 -0.2 0.3 0.3

Aug 2018

0.7 0.7 0.5 0.1 0.3 0.6

Sep 2018

1.1 0.9 0.7 0.7 0.3 0.3

Oct 2018

1.1 0.6 0.7 0.5 0.3 0.0

Nov 2018

1.0 1.3 1.3 1.3 -0.3 0.0

Dec 2018

1.8 1.7 1.5 1.7 0.3 0.0

Jan 2019

1.9 2.7 1.7 2.1 0.3 0.6

Feb 2019

1.7 1.6 2.0 2.2 -0.3 -0.6

Mar 2019

1.6 1.8 1.6 1.8 0.0 0.0

Apr 2019

0.8 1.5 1.1 1.5 -0.3 0.0

May 2019

1.1 1.6 1.4 1.8 -0.3 -0.3

Jun 2019

1.1 1.4 1.7 1.9 -0.6 -0.6

Jul 2019

1.3 1.1 1.7 1.9 -0.3 -0.9

Aug 2019

1.3 1.6 1.7 2.2 -0.3 -0.6

Sep 2019

1.4 1.8 1.4 2.0 0.0 -0.3

Oct 2019

0.8 1.8 1.5 2.2 -0.6 -0.3

Nov 2019

0.9 1.1 1.3 1.6 -0.3 -0.6

Dec 2019

0.0 0.5 0.6 0.7 -0.6 -0.3

Jan 2020

-0.1 0.1 0.5 0.7 -0.6 -0.6

Feb 2020

0.7 1.1 0.7 1.2 0.0 0.0

Mar 2020

0.9 1.4 2.1 2.3 -1.2 -0.9

Apr 2020

7.1 7.1 7.7 7.7 -0.6 -0.6

May 2020

7.4 8.0 6.5 6.7 0.9 1.2

Jun 2020

5.0 6.3 4.4 5.1 0.6 1.2

Jul 2020

4.4 5.4 3.8 3.8 0.6 1.5

Aug 2020

4.3 5.5 3.4 3.7 0.9 1.8

Sep 2020

4.6 5.1 3.4 3.2 1.2 1.8

Oct 2020

4.9 5.1 3.4 3.3 1.5 1.8

Nov 2020

4.8 5.8 3.3 3.4 1.5 2.4

Dec 2020

5.6 5.9 4.1 4.1 1.5 1.8

Jan 2021

5.9 6.4 3.7 3.6 2.0 2.7

Feb 2021

4.1 4.3 3.5 3.2 0.6 1.2

Mar 2021

4.1 4.7 1.6 1.7 2.3 3.0

Apr 2021

-1.4 -0.4 -3.4 -3.1 2.0 2.7

May 2021

-2.0 -1.5 -2.6 -2.6 0.6 1.2

Jun 2021

-0.7 -0.9 -1.3 -1.8 0.6 0.9

Jul 2021

-0.3 0.2 -0.9 -0.6 0.6 0.9

Aug 2021

-0.7 -0.4 -0.7 -0.5 0.0 0.0

Sep 2021

-0.5 0.4 -0.4 0.1 0.0 0.3

Oct 2021

-1.1 -0.4 -0.8 -0.4 -0.3 0.0

Nov 2021

-1.4 -1.3 -1.3 -1.0 0.0 -0.3

Dec 2021

-2.0 -1.8 -2.0 -1.5 0.0 -0.3

Jan 2022

-2.9 -2.9 -1.8 -1.4 -1.1 -1.4

Feb 2022

-2.2 -1.2 -2.5 -1.8 0.3 0.6

Mar 2022

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

Apr 2022

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

May 2022

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

Jun 2022

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

Jul 2022

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

Aug 2022

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

Sep 2022

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

Oct 2022

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

Nov 2022

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

Dec 2022

-2.7 -1.4 -1.6 -0.9 -1.1 -0.6

Jan 2023

-1.5 -0.7 -1.8 -0.9 0.3 0.3

From January 2022 to January 2023, real average weekly earnings for production and nonsupervisory employees decreased 0.7 percent. The change in real average weekly earnings resulted from a 0.9-percent decrease in real average hourly earnings and a 0.3-percent increase in the average workweek 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 — January 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 weekly earnings down 1.5 percent from January 2022 to January 2023 at https://www.bls.gov/opub/ted/2023/real-average-weekly-earnings-down-1-5-percent-from-january-2022-to-january-2023.htm (visited March 05, 2024).

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