Wire Embargo Until — 1999-07-15

Real average weekly earnings increased by 0.7 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 rise stemmed from a 0.3 percent increase in average weekly hours coupled with a 0.4 percent gain in average hourly earnings. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was flat. 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 3.4 percent, seasonally adjusted, between June of 1998 and 1999. After adjustment for inflation, average weekly earnings grew by 1.3 percent.