“Real average hourly earnings for all employees decreased 0.2 percent from July 2017 to July 2018,” the U.S. Bureau of Labor Statistics said in its latest publication of ‘TED: The Economics Daily.’
Key quotes
- The decline in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this 12-month period.
- For production and nonsupervisory employees, real average hourly earnings decreased 0.4 percent, seasonally adjusted, over the 12 months ending July 2018.
- The decline in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 0.1-percent decrease in real average weekly earnings over this 12-month period.
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