January 2024 Real Earnings — 2024-02-13

Real average hourly earnings for all employees increased 0.3 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.6 percent in average hourly earnings combined with an increase of 0.3 percent in the Consumer Price Index for All Urban Consumers (CPI-U). Real average weekly earnings decreased 0.3 percent over the month due to the change in real average hourly earnings combined with a 0.6-percent decrease in the average workweek. Real average hourly earnings increased 1.4 percent, seasonally adjusted, from January 2023 to January 2024. The change in real average hourly earnings combined with a decrease of 1.4 percent in the average workweek resulted in a 0.1-percent decrease in real average weekly earnings over this period. Real average hourly earnings for production and nonsupervisory employees increased 0.2 percent from December to January, seasonally adjusted.