Wire Embargo Until — 1997-06-17

Real average weekly earnings advanced by 0.3 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 increase was due to a 0.3 percent gain in average hourly earnings. Both the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) and average weekly hours were unchanged in May. 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 4.4 percent between May of 1996 and 1997 as a result of a 3.8 percent increase in average hourly earnings and a 0.6 percent increase in average weekly hours.