March 2008 Real Earnings — 2008-04-16

Real average weekly earnings rose by 0.2 percent from February to March after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. Increases of 0.3 percent in both average weekly hours and average hourly earnings were partially offset by a 0.4 percent increase 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. Average weekly earnings rose by 3.3 percent, seasonally adjusted, from March 2007 to March 2008. After deflation by the CPI-W, average weekly earnings decreased by 1.0 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $607.49 in March 2008, compared with $580.99 a year earlier.