Wire Embargo Until — 1997-07-16

Real average weekly earnings increased by 0.5 percent from May to June after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. This gain was due to 0.3 percent increases in both average hourly earnings and average weekly hours. These gains were partially offset by an increase of 0.1 percent in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). 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. Before seasonal adjustment, average weekly earnings rose by 3.5 percent between June of 1996 and 1997 as a result of a 3.5 percent increase in average hourly earnings. Average weekly hours were flat over the same time period.