"Real average hourly earnings for all employees increased 0.2 percent from December to January, seasonally adjusted," the U.S. Bureau of Labor Statistics announced on Wednesday.
Key takeaways from the press release
- This result stems from a 0.1-percent increase in average hourly earnings combined with no change in the Consumer Price Index for All Urban Consumers (CPI-U).
- Real average hourly earnings increased 1.7 percent, seasonally adjusted, from January 2018 to January 2019.
- The change in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 1.9-percent increase in real average weekly earnings over this period.
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