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U.S. Real Earnings Decreased 0.2% in October

November 15, 2012

This morning, the Bureau of Labor Statistics (BLS) released October 2012 figures for real earnings. This indicator reflects three components of consumer buying power: average hourly earnings, average weekly hours, and price inflation/deflation. Seasonally adjusted real average hourly earnings decreased 0.2 percent from September to October; this resulted from unchanged average hourly earnings that were weakened by a 0.1 percent increase in inflation (as measured by the Consumer Price Index).

The following chart illustrates the monthly percent change in real average hourly earnings. (Figures below reflect the earnings of all employees on private, non-farm payrolls).

The full press release can be found on the BLS website.