Full text of Real Earnings : July 1996, USDL 96-333 : July 1996
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TEXT Table Table Table Table A. 1. 1. 2. Composition Earnings of Earnings of Earnings of of change in real earnings of production or production or nonsupervisory workers on private production or nonsupervisory workers on private production or nonsupervisory workers on private Technical information: (202) 606-6555 Media contact: 606-5902 USDL 96-333 WIRE EMBARGO UNTIL 10:00 A.M. (EDT) TUESDAY, AUGUST 13, 1996 REAL EARNINGS IN JULY 1996 Real average weekly earnings fell by 1.5 percent from June to July after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. This decrease followed a sharp increase in June (2.2 percent). The large decrease in July resulted from declines in both average weekly hours (1.2 percent) and average hourly earnings (0.2 percent). A 0.2 percent rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) also contributed to the decline. 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 2.5 percent between July of 1995 and 1996 as a result of a 3.1 percent increase in average hourly earnings, which was partially offset by a 0.6 percent decrease in average weekly hours. After adjustment for a 2.9 percent gain in the CPI-W over the same period, real average weekly earnings fell by 0.4 percent. This decline followed an increase of 1.7 percent for the year ended in June 1996. Before adjustment for seasonal change and deflation by the CPI-W, average weekly earnings were $406.20 in July 1996, compared with $396.37 a year earlier. _____________________________ Real Earnings for August 1996 will be released on Friday, September 13, 1996. Table A. Composition of change in real earnings of production or nonsupervisory workers on private nonfarm payrolls ________________________________________________________________________ | | | | | | Average | Average | Average | The | Real | hourly | weekly | weekly | Consumer | average Year | earnings | hours | earnings | Price | weekly and | | | | Index1/ | earnings month |___________|___________|___________|___________|___________ | | Percent change from preceding month, seasonally adjusted ____________|___________________________________________________________ | | | | | 1995: | | | | | July | 0.3 | 0.3 | 0.6 | 0.0 | 0.6 Aug. | -.1 | -.3 | -.4 | .2 | -.6 Sept. | .5 | .0 | .5 | .1 | .4 Oct. | .3 | .3 | .6 | .3 | .2 Nov. | .3 | -.3 | .1 | .1 | (2) Dec. | .2 | -.3 | -.1 | .2 | -.3 1996: | | | | | Jan. | .1 | -1.5 | -1.4 | .4 | -1.8 Feb. | .3 | 2.1 | 2.3 | .2 | 2.1 Mar. | .3 | .0 | .3 | .5 | -.2 Apr. | .3 | -.6 | -.2 | .4 | -.6 May | .1 | -.3 | -.2 | .3 | -.5 Junep | .8 | 1.5 | 2.2 | .1 | 2.2 Julyp | -.2 | -1.2 | -1.3 | .2 | -1.5 |___________________________________________________________ | | Percent change from same month a year ago |___________________________________________________________ | | | | | 1995: | | | | | July | 3.1 | -0.3 | 2.8 | 2.8 | (2) Aug. | 3.0 | -.6 | 2.4 | 2.5 | -.1 Sept. | 3.0 | -.6 | 2.4 | 2.5 | -.1 Oct. | 2.9 | -.9 | 2.0 | 2.7 | -.6 Nov. | 2.9 | -.6 | 2.3 | 2.4 | -.1 Dec. | 3.0 | -.9 | 2.1 | 2.5 | -.4 1996: | | | | | Jan. | 3.2 | -2.9 | .2 | 2.6 | -2.5 Feb. | 3.0 | -.3 | 2.7 | 2.6 | (2) Mar. | 3.1 | .0 | 3.1 | 2.8 | .3 Apr. | 3.2 | -.6 | 2.6 | 2.9 | -.3 May | 3.3 | .3 | 3.6 | 2.9 | .6 Junep | 3.6 | .9 | 4.5 | 2.8 | 1.7 Julyp | 3.1 | -.6 | 2.5 | 2.9 | -.4 ____________|___________|___________|___________|___________|___________ 1/ The deflator for the constant-dollar series presented in this release is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). 2 Less than 0.05 percent. p = preliminary. Table 1. Earnings of production or nonsupervisory workers on private nonfarm payrolls in current and constant dollars1/ by industry ____________________________________________________________________ | | Average hourly earnings |_________________________________________ | | | | Industry | | | | Percent | July | June | July | change | 1995 | 1996p| 1996p| July 1995 | | | | July 1996 __________________________|________|________|________|______________ | | | | Total private:2/ | | | | Current dollars..........| $11.39 | $11.75 | $11.74 | 3.1 Constant (1982) dollars..| 7.36 | 7.39 | 7.37 | .1 | | | | Goods-producing: | | | | Current dollars..........| 13.14 | 13.45 | 13.58 | 3.3 Constant (1982) dollars..| 8.49 | 8.46 | 8.53 | .5 | | | | Mining: | | | | Current dollars..........| 15.34 | 15.57 | 15.61 | 1.8 Constant (1982) dollars..| 9.92 | 9.79 | 9.81 | -1.1 | | | | Construction: | | | | Current dollars..........| 15.14 | 15.33 | 15.51 | 2.4 Constant (1982) dollars..| 9.79 | 9.64 | 9.74 | -.5 | | | | Manufacturing: | | | | Current dollars..........| 12.39 | 12.76 | 12.83 | 3.6 Constant (1982) dollars..| 8.01 | 8.03 | 8.06 | .6 | | | | Service-producing: | | | | Current dollars..........| 10.81 | 11.18 | 11.12 | 2.9 Constant (1982) dollars..| 6.99 | 7.03 | 6.98 | -.1 | | | | Transportation and public | | | | utilities: | | | | Current dollars..........| 14.25 | 14.44 | 14.47 | 1.5 Constant (1982) dollars..| 9.21 | 9.08 | 9.09 | -1.3 | | | | Wholesale trade: | | | | Current dollars..........| 12.45 | 12.85 | 12.77 | 2.6 Constant (1982) dollars..| 8.05 | 8.08 | 8.02 | -.4 | | | | Retail trade: | | | | Current dollars..........| 7.66 | 7.95 | 7.92 | 3.4 Constant (1982) dollars..| 4.95 | 5.00 | 4.97 | .4 | | | | Finance, insurance, | | | | and real estate: | | | | Current dollars..........| 12.32 | 12.76 | 12.69 | 3.0 Constant (1982) dollars..| 7.96 | 8.03 | 7.97 | .1 | | | | Services: | | | | Current dollars..........| 11.26 | 11.67 | 11.61 | 3.1 Constant (1982) dollars..| 7.28 | 7.34 | 7.29 | .1 __________________________|________|________|________|______________ See footnotes at end of table. Table 1. Earnings of production or nonsupervisory workers on private nonfarm payrolls in current and constant dollars1/ by industry Continued ____________________________________________________________________ | | Average weekly earnings |_________________________________________ | | | | Industry | | | | Percent | July | June | July | change | 1995 | 1996p| 1996p| July 1995 | | | | July 1996 __________________________|________|________|________|______________ | | | | Total private:2/ | | | | Current dollars..........|$396.37 |$410.08 |$406.20 | 2.5 Constant (1982) dollars..| 256.22 | 257.91 | 255.15 | -.4 | | | | Goods-producing: | | | | Current dollars..........| 534.80 | 556.83 | 555.42 | 3.9 Constant (1982) dollars..| 345.70 | 350.21 | 348.88 | .9 | | | | Mining: | | | | Current dollars..........| 682.63 | 716.22 | 700.89 | 2.7 Constant (1982) dollars..| 441.26 | 450.45 | 440.26 | -.2 | | | | Construction: | | | | Current dollars..........| 605.60 | 607.07 | 617.30 | 1.9 Constant (1982) dollars..| 391.47 | 381.81 | 387.75 | -1.0 | | | | Manufacturing: | | | | Current dollars..........| 505.51 | 534.64 | 527.31 | 4.3 Constant (1982) dollars..| 326.77 | 336.25 | 331.22 | 1.4 | | | | Service-producing: | | | | Current dollars..........| 358.89 | 371.18 | 366.96 | 2.2 Constant (1982) dollars..| 231.99 | 233.45 | 230.50 | -.6 | | | | Transportation and public | | | | utilities: | | | | Current dollars..........| 571.43 | 579.04 | 573.01 | .3 Constant (1982) dollars..| 369.38 | 364.18 | 359.93 | -2.6 | | | | Wholesale trade: | | | | Current dollars..........| 479.33 | 498.58 | 489.09 | 2.0 Constant (1982) dollars..| 309.84 | 313.57 | 307.22 | -.8 | | | | Retail trade: | | | | Current dollars..........| 227.50 | 233.73 | 234.43 | 3.0 Constant (1982) dollars..| 147.06 | 147.00 | 147.26 | .1 | | | | Finance, insurance, | | | | and real estate: | | | | Current dollars..........| 447.22 | 465.74 | 450.50 | .7 Constant (1982) dollars..| 289.09 | 292.92 | 282.98 | -2.1 | | | | Services: | | | | Current dollars..........| 369.33 | 382.78 | 377.33 | 2.2 Constant (1982) dollars..| 238.74 | 240.74 | 237.02 | -.7 __________________________|________|________|________|______________ 1/ The deflator for the constant-dollar series presented in this release is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). 2/ Data relate to production and related workers in mining and manufacturing; construction workers in construction; and nonsupervisory workers in transportation and public utilities, trade, finance, insurance, and real estate, and services. Included in this group are approximately four-fifths of all jobs on private industry payrolls. p = preliminary. Table 2. Earnings of production or nonsupervisory workers on private nonfarm payrolls1/, seasonally adjusted _________________________________________________________________________ | | | | | Average hourly | Average weekly | earnings | earnings | | Year |_____________________________|_____________________________ and | | | | month | | | | | Current | Constant | Current | Constant | dollars | (1982) | dollars | (1982) | | dollars2/ | | dollars2/ | | | | _____________|______________|______________|______________|______________ | | | | 1995: | | | | July | $11.47 | $7.41 | $395.72 | $255.80 Aug. | 11.46 | 7.39 | 394.22 | 254.34 Sept. | 11.52 | 7.42 | 396.29 | 255.34 Oct. | 11.55 | 7.42 | 398.48 | 255.93 Nov. | 11.59 | 7.44 | 398.70 | 255.91 Dec. | 11.61 | 7.44 | 398.22 | 255.11 1996: | | | | Jan. | 11.62 | 7.41 | 392.76 | 250.48 Feb. | 11.65 | 7.42 | 401.93 | 255.84 Mar. | 11.68 | 7.40 | 402.96 | 255.36 Apr. | 11.72 | 7.40 | 402.00 | 253.79 May | 11.73 | 7.38 | 401.17 | 252.47 June p | 11.82 | 7.43 | 410.15 | 257.96 July p | 11.80 | 7.41 | 404.74 | 254.07 _____________|______________|______________|______________|______________ 1/ See footnote 2, table 1. 2/ The deflator for the constant-dollar series presented in this release is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). p = preliminary.