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TEXT Table Table Table Table A. Composition of change in real earnings (production or 1. Earnings of production or nonsupervisory workers on private 2. Earnings of production or nonsupervisory workers on private nonfarm payrolls1/, seasonally adjusted 3. Revised seasonally adjusted average hourly and weekly earnings of Technical information: (202) 606-6555 Media contact: 606-5902 USDL 94-88 WIRE EMBARGO UNTIL 10:00 A.M. (EST) THURSDAY, FEBRUARY 17, 1994 REAL EARNINGS IN JANUARY 1994 Real average weekly earnings rose 1.5 percent from December to January after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. This rise stemmed from a 0.9 percent increase in average weekly hours coupled with a 0.7 percent increase in average hourly earnings. These gains were partially offset by a 0.1 percent rise 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 3.7 percent between January of 1993 and 1994 as a result of a 2.8 percent increase in average hourly earnings and a 0.9 percent increase in average weekly hours. After adjustment for a 2.4 percent gain in the CPI-W over the same period, real average weekly earnings rose by 1.3 percent. Before adjustment for seasonal change and deflation by the CPI-W, average weekly earnings were $379.70 in January 1994, compared with $366.18 a year earlier. _____________________________ Real Earnings for February 1994 will be released on Wednesday, March 16, 1994. ********************************************************************** * The seasonally adjusted constant dollar series presented * * in this release have been revised to reflect new seasonal * * adjustment factors calculated for the CPI-W, reflecting * * experience through 1993. This revision affects constant * * dollar series from January 1989 through December 1993. * ********************************************************************** Table A. Composition of change in real earnings (production or nonsupervisory workers on private nonfarm payrolls) ________________________________________________________________ | | | | The | Real Year |Average | Average |Average |Consumer |average and | hourly | weekly | weekly | Price | weekly month |earnings | hours |earnings |Index 1/ |earnings | | | | | Percent change from preceding month, seasonally adjusted 1993: Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. p 1994: Jan. p | | | | | | | | | | | | | | | | 0.5 .1 .4 -.1 .5 -.1 .0 .5 .0 .6 .1 .2 .7 | | | | | | | | | | | | | | | | 0.6 -.3 -.6 .6 .9 -.9 .3 .6 -1.2 .6 .0 .0 .9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1.1 -.2 -.2 .5 1.3 -1.0 .3 1.0 -1.2 1.1 .1 .2 1.6 0.2 .3 .2 .3 .3 .1 .1 .1 .1 .4 .2 .1 .1 | | | | | | | | | | | | | | | | 0.8 -.5 -.4 .2 1.1 -1.0 .2 .8 -1.2 .7 -.1 (2) 1.5 Percent change from same month a year ago 1993: Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. p 1994: Jan. p | | | 2.8 | 0.6 | 2.5 | -.3 | 2.6 | -.6 | 2.5 | .3 | 2.8 | .6 | 2.3 | .3 | 2.3 | .6 | 2.2 | .6 | 2.4 | .6 | 2.4 | .6 | 2.2 | .0 | 2.5 | .6 | | | 2.8 | .9 | | 1/ The deflator for the constant dollar series presented in this release is derived from the Consumer Price Index | | | | | | | | | | | | | | | | | | | 3.2 | 0.2 | 3.2 | -.9 | 3.0 | -1.0 | 3.1 | -.3 | 3.1 | .2 | 2.8 | -.2 | 2.7 | .2 | 2.6 | .1 | 2.5 | .5 | 2.7 | .4 | 2.6 | -.3 | 2.5 | .6 | | 3.7 | 2.4 | 1.3 | | for Urban Wage Earners and Clerical Workers (CPI-W). 2/ Less than 0.05 percent. p = preliminary. 3.4 2.2 2.0 2.8 3.4 2.6 2.9 2.8 3.0 3.0 2.2 3.1 Table 1. Earnings of production or nonsupervisory workers on private nonfarm payrolls in current and constant dollars1/ by industry _______________________________________________________________________ | | | Average | Industry | | | Jan. hourly earnings | Dec. | Jan. |Percent change | | | | 1993 | | Total private: 2/ | Current dollars............|$10.77 Constant (1982) dollars....| 7.44 | Mining: | Current dollars............| 14.72 Constant (1982) dollars....| 10.17 | Construction: | Current dollars............| 14.20 Constant (1982) dollars....| 9.81 | Manufacturing: | Current dollars............| 11.62 Constant (1982) dollars....| 8.02 | Transportation and | public utilities: | Current dollars............| 13.58 Constant (1982) dollars....| 9.38 | Wholesale trade: | Current dollars............| 11.59 Constant (1982) dollars....| 8.00 | Retail trade: | Current dollars............| 7.27 Constant (1982) dollars....| 5.02 | Finance, insurance, | and real estate: | Current dollars............| 11.13 Constant (1982) dollars....| 7.69 | Services: | Current dollars............| 10.83 Constant (1982) dollars....| 7.48 | | | 1993p | | | |$10.97 | 7.42 | | | 14.67 | 9.92 | | | 14.44 | 9.76 | | | 12.01 | 8.12 | | | | 13.78 | 9.32 | | | 11.83 | 8.00 | | | 7.36 | 4.98 | | | | 11.60 | 7.84 | | | 11.00 | 7.44 | | | 1994p | | | |$11.07 | 7.47 | | | 14.99 | 10.11 | | | 14.39 | 9.71 | | | 11.97 | 8.08 | | | | 13.84 | 9.34 | | | 11.92 | 8.04 | | | 7.47 | 5.04 | | | | 11.79 | 7.96 | | | 11.10 | 7.49 | | |Jan. 1993 |Jan. 1994 | | | 2.8 | .4 | | | 1.8 | -.6 | | | 1.3 | -1.0 | | | 3.0 | .7 | | | | 1.9 | -.4 | | | 2.8 | .5 | | | 2.8 | .4 | | | | 5.9 | 3.5 | | | 2.5 | .1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | _________________________________________________________________________ | | Average | | | Jan. | 1993 | | Total private: 2/ | Current dollars............|$366.18 Constant (1982) dollars....| 252.89 | Mining: | Current dollars............| 649.15 Constant (1982) dollars....| 448.31 | weekly earnings Industry | Dec. | 1993p | | | |$380.66 | 257.38 | | | 658.68 | 445.35 | | Jan. | 1994p | | | |$379.70 | 256.21 | | | 658.06 | 444.04 | |Percent change |Jan. 1993 |Jan. 1994 | | | 3.7 | 1.3 | | | 1.4 | -1.0 | Construction: | | | | Current dollars............| 512.62 | 553.05 | 532.43 | Constant (1982) dollars....| 354.02 | 373.94 | 359.26 | | | | | Manufacturing: | | | | Current dollars............| 477.58 | 509.22 | 496.76 | Constant (1982) dollars....| 329.82 | 344.30 | 335.20 | | | | | Transportation and | | | | public utilities: | | | | Current dollars............| 529.62 | 549.82 | 554.98 | Constant (1982) dollars....| 365.76 | 371.75 | 374.48 | | | | | Wholesale trade: | | | | Current dollars............| 438.10 | 453.09 | 455.34 | Constant (1982) dollars....| 302.56 | 306.35 | 307.25 | | | | | Retail trade: | | | | Current dollars............| 203.56 | 214.91 | 210.65 | Constant (1982) dollars....| 140.58 | 145.31 | 142.14 | | | | | Finance, insurance, | | | | and real estate: | | | | Current dollars............| 397.34 | 414.12 | 426.80 | Constant (1982) dollars....| 274.41 | 280.00 | 287.99 | | | | | Services: | | | | Current dollars............| 348.73 | 356.40 | 360.75 | Constant (1982) dollars...| 240.84 | 240.97 | 243.42 | | | | | | | | | 1/ The deflator for te constant dollar series presented insurance, in this release is derivedfrom the Consumer Price Index for this Urban Wage Earners and Cleical Workers (CPI-W). jobs 2/ Data relate to theearnings of production and related workers in mining and manuacturing; construction workers in construction; and nonsuperisory workers in transportation 3.9 1.5 4.0 1.6 4.8 2.4 3.9 1.6 3.5 1.1 7.4 4.9 3.4 1.1 and public utilities, trade, finance, and real estate, and services. Included in group are approximately four-fifths of all on private industry payrolls. p = preliminary. Table 2. Earnings of production or nonsupervisory workers on private nonfarm payrolls1/, seasonally adjusted _______________________________________________________________________________________________________________ _____________________ | | | 1993 | 1994 Earnings | | | | | | | | | | | | | | | | Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. |Dec. p |Jan. p | | | | | | | | | | | | | | | | | | | | | | | | | | Average hourly earnings: | | | | | | | | | | | | | Current dollars...........| $10.73| $10.74| $10.78| $10.77| $10.82| $10.81| $10.81| $10.86| $10.86| $10.92| $10.93| $10.95| $11.03 Constant (1982) dollars2/.| 7.41| 7.39| 7.40| 7.38| 7.39| 7.38| 7.37| 7.39| 7.38| 7.39| 7.39| 7.39| 7.44 | | | | | | | | | | | | | Average weekly earnings: | | | | | | | | | | | | | Current dollars...........| 370.19| 369.46| 368.68| 370.49| 375.45| 371.86| 372.95| 376.84| 372.50| 376.74| 377.09| 377.78| 383.84 Constant (1982) dollars2/.| 255.48| 254.27| 253.21| 253.76| 256.45| 253.83| 254.23| 256.35| 253.23| 255.07| 254.79| 254.91| 258.83 | | | | | | | | | | | | | | | | | | | | | | | | | | 1/ See footnote 2, table 1. (CPI-W). 2/ The deflator for the constant dollar series presented in this release is derived from the Consumer Price Index for Urban Wage Earners and Clerical Workers p = preliminary. Table 3. Revised seasonally adjusted average hourly and weekly earnings of production or nonsupervisory workers on private nonfarm payrolls1/ in constant (1982) dollars ___________________________________________________________________________ | | Average hourly earnings Year | ___________________________________________________________ | | | | | | | Jan. | Feb. | Mar. | Apr. | May | June | | | | | | ___________________________________________________________________________ | | | | | | 1989...........| $7.68 | $7.67 | $7.65 | $7.63 | $7.59 | $7.59 1990...........| 7.55 | 7.57 | 7.56 | 7.57 | 7.58 | 7.56 1991...........| 7.43 | 7.43 | 7.44 | 7.45 | 7.46 | 7.47 1992...........| 7.43 | 7.45 | 7.44 | 7.42 | 7.42 | 7.42 1993...........| 7.41 | 7.39 | 7.40 | 7.38 | 7.39 | 7.38 | | | | | | ___________________________________________________________ | | | | | | | July | Aug. | Sept. | Oct. | Nov. | Dec. | | | | | | ___________________________________________________________ | | | | | | 1989...........| 7.62 | 7.62 | 7.63 | 7.63 | 7.62 | 7.62 1990...........| 7.56 | 7.49 | 7.48 | 7.44 | 7.43 | 7.43 1991...........| 7.46 | 7.47 | 7.46 | 7.45 | 7.44 | 7.44 1992...........| 7.40 | 7.42 | 7.40 | 7.40 | 7.41 | 7.39 1993...........| 7.37 | 7.39 | 7.38 | 7.39 | 7.39 | 7.39p | | | | | | ___________________________________________________________ | | Average weekly earnings | ___________________________________________________________ | | | | | | | | | Feb. | Mar. | Apr. | May | June | | | | | ___________________________________________________________ | | | | | | 1989...........| $267.26 | $264.66 | $264.77 | $265.56 | $261.76 | $261.95 1990...........| 260.61 | 261.26 | 260.85 | 262.00 | 261.38 | 261.59 1991...........| 253.95 | 254.19 | 254.57 | 254.08 | 255.82 | 257.75 1992...........| 254.19 | 257.04 | 256.68 | 254.40 | 256.08 | 254.36 1993...........| 255.48 | 254.27 | 253.21 | 253.76 | 256.45 | 253.83 | | | | | | ___________________________________________________________ | | | | | | | July | Aug. | Sept. | Oct. | Nov. | Dec. | | | | | | ___________________________________________________________ | | | | | | 1989...........| 263.52 | 262.75 | 263.22 | 264.09 | 262.78 | 262.07 1990...........| 261.65 | 258.56 | 258.67 | 254.42 | 254.92 | 256.42 1991...........| 255.14 | 256.08 | 256.58 | 255.47 | 255.11 | 255.86 1992...........| 253.89 | 256.84 | 253.10 | 254.59 | 256.32 | 253.33 1993...........| 254.23 | 256.35 | 253.23 | 255.07 | 254.79 | 254.91p | | | | | | ___________________________________________________________________________ Jan. 1/ Data relate to the earnings of production and related workers in mining and manufacturing; construction workers in construction; and nonsupervisory workers in transportation and public utilities; wholesale and retail trade; finance, insurance, and real estate; and services. NOTE: These data have been revised to reflect the seasonal experience in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from January 1989 through December 1993.