December 2022 Real Earnings — 2023-01-12

Real average hourly earnings for all employees increased 0.4 percent from November to December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 percent in average hourly earnings combined with a decrease of 0.1 percent in the Consumer Price Index for All Urban Consumers (CPI-U). Real average weekly earnings increased 0.1 percent over the month due to the change in real average hourly earnings combined with a decrease of 0.3 percent in the average workweek. Real average hourly earnings decreased 1.7 percent, seasonally adjusted, from December 2021 to December 2022. The change in real average hourly earnings combined with a decrease of 1.4 percent in the average workweek resulted in a 3.1-percent decrease in real average weekly earnings over this period. Real average hourly earnings for production and nonsupervisory employees increased 0.5 percent from November to December, seasonally adjusted.