Wire Embargo Until — 1998-06-16

Real average weekly earnings increased by 0.6 percent from April to May after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. The growth stemmed from a 0.3 percent increase in average hourly earnings and a 0.6 percent increase in average weekly hours. This was partially offset by a 0.3 percent gain 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 increased by 4.3 percent between May of 1997 and 1998 as a result of a 4.3 percent expansion in average hourly earnings.