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U.S. Real Average Earnings per Hour Slightly Drops by 0.1% in July

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The United States’ real average hourly earnings for all employees reduced by 0.1% from June to July.

Source: U.S. Department of Labor

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The real hourly earnings for production and nonsupervisory employees remained unchanged from June to July, emerging from a 0.4% increase in average hourly earnings and an increase of 0.5% in CPI for urban wage earners.

From July last year to July 2021, the real average hourly earnings dropped by 1.1%. The change in real average hourly earnings combined with a 0.6% increase in average workweek caused a 0.5% decline in actual average weekly earnings.

Hours worked per week for production, and nonsupervisory employees increased by 0.3% in July compared to the previous month as the US economy continued to recover from the pandemic.

Both the annual change in real average hourly earnings and real average weekly earnings increased by 3.7% and 5.0%, respectively, as the monthly change in earnings decreased slightly in July.

 

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