Real Earnings Summary May 2021

Republished with permission of the US Bureau of Labor Statistics

 

All employees Real average hourly earnings for all employees decreased 0.2 percent from April to May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.5 percent in average hourly earnings combined with an increase of 0.6 percent in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings decreased 0.1 percent over the month due to the change in real average hourly earnings combined with no change in the average workweek.

Real average hourly earnings decreased 2.8 percent, seasonally adjusted, from May 2020 to May 2021. The change in real average hourly earnings combined with an increase of 0.6 percent in the average workweek resulted in a 2.2-percent decrease in real average weekly earnings over this period.

Production and nonsupervisory employees Real average hourly earnings for production and nonsupervisory employees decreased 0.2 percent from April to May, seasonally adjusted. This result stems from a 0.5-percent increase in average hourly earnings combined with an increase of 0.7 percent in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Real average weekly earnings decreased 0.4 percent over the month due to the change in real average hourly earnings combined with a decrease of 0.3 percent in average weekly hours.

From May 2020 to May 2021, real average hourly earnings decreased 3.0 percent, seasonally adjusted. The change in real average hourly earnings combined with a 0.6-percent increase in the average workweek resulted in a 2.5-percent decrease in real average weekly earnings over this period. 

Real Earnings for June 2021 is scheduled to be released on July 13, 2021 at 8:30 a.m. (ET).

 

 

ABOUT JEFF ALTMAN, THE BIG GAME HUNTER

JeffAltman, The Big Game Hunter
JeffAltman, The Big Game Hunter

Jeff Altman, The Big Game Hunter is a coach who worked as a recruiter for what seems like one hundred years. His work involves career coaching, as well as executive job search coaching, job coaching, and interview coaching. He is the host of “No BS Job Search Advice Radio,” the #1 podcast in iTunes for job search with more than 2100 episodes.

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Jeff Altman, The Big Game Hunter
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We grant permission for this post and others to be used on your website as long as a backlink is included and notice is provided that it is provided by Jeff Altman, The Big Game Hunter as an author or creator.

We grant permission for this post and others to be used on your website as long as a backlink is included and notice is provided that it is provided by Jeff Altman, The Big Game Hunter as an author or creator.

 

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