In This Release Is Embargoed — 2006-03-16

Real average weekly earnings were unchanged from January to February after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. A 0.3 percent increase in average hourly earnings was offset by a 0.3 percent decrease in average weekly hours. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was unchanged. Data on average weekly earnings are collected from the payroll reports of private nonfarm establishments. Earnings of both full-time and part-time workers holding production or nonsupervisory jobs are included. Real average weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W. Average weekly earnings rose by 3.5 percent, seasonally adjusted, from February 2005 to February 2006. After deflation by the CPI-W, average weekly earnings decreased by 0.1 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $553.42 in February 2006, compared with $534.33 a year earlier.