Full text of Real Earnings : June 1994, USDL 94-340 : June 1994
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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 94-340 WIRE EMBARGO UNTIL 10:00 A.M. (EDT) WEDNESDAY, JULY 13, 1994 REAL EARNINGS IN JUNE 1994 Real average weekly earnings fell 1.0 percent from May to June after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. This drop stemmed from a 0.6 percent decline in average weekly hours coupled with a 0.1 percent decrease in average hourly earnings. A 0.3 percent increase 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 3.1 percent between June of 1993 and 1994 as a result of a 2.5 percent increase in average hourly earnings and a 0.6 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 0.6 percent. Before adjustment for seasonal change and deflation by the CPI-W, average weekly earnings were $383.84 in June 1994, compared with $372.30 a year earlier. _____________________________ Real Earnings for July 1994 will be released on Friday, August 12, 1994. 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: | | | | | June | 0.0 | -0.9 | -0.9 | 0.1 | -0.9 July | .1 | .3 | .4 | .1 | .2 Aug. | .4 | .3 | .7 | .1 | .5 Sept. | .2 | -.6 | -.4 | .1 | -.5 Oct. | .4 | .3 | .7 | .4 | .3 Nov. | .2 | .3 | .5 | .2 | .3 Dec. | .2 | -.3 | -.1 | .1 | -.2 1994: | | | | | Jan. | .5 | .9 | 1.4 | .1 | 1.4 Feb. | .1 | -1.4 | -1.3 | .2 | -1.5 Mar. | -.1 | .9 | .8 | .3 | .4 Apr. | .3 | .3 | .6 | .1 | .4 May p | .4 | .3 | .6 | .1 | .5 June p | -.1 | -.6 | -.7 | .3 | -1.0 | | | | | ________________________________________________________________ Percent change from same month a year ago ________________________________________________________________ 1993: | | | | | June | 2.4 | 0.3 | 2.7 | 2.8 | -0.1 July | 2.3 | .6 | 2.9 | 2.7 | .2 Aug. | 2.2 | .6 | 2.8 | 2.6 | .1 Sept. | 2.4 | .6 | 3.0 | 2.5 | .5 Oct. | 2.5 | .6 | 3.1 | 2.7 | .5 Nov. | 2.3 | .0 | 2.3 | 2.6 | -.2 Dec. | 2.6 | .6 | 3.2 | 2.5 | .7 1994: | | | | | Jan. | 2.8 | .9 | 3.7 | 2.4 | 1.3 Feb. | 2.8 | -.3 | 2.5 | 2.3 | .1 Mar. | 2.3 | 1.2 | 3.5 | 2.3 | 1.2 Apr. | 2.6 | .9 | 3.5 | 2.2 | 1.3 May p | 2.5 | .3 | 2.8 | 2.1 | .7 June p | 2.5 | .6 | 3.1 | 2.4 | .6 | | | | | ________________________________________________________________ 1/ The deflator for the for Urban Wage Earners and _ constant dollar series presentClerical Workers (CPI-W). ed in this release is derived _ from the Consumer Price Index p = preliminary. Table 1. Earnings of production or nonsupervisory workers on private nonfarm payrolls in current and constant dollars1/ by industry _______________________________________________________________________ | | | Average | Industry | | hourly earnings | | _________________________________________ | June | May | June |Percent change | | 1993 | 1994p | 1994p |June 1993 | | | | |June 1994 | _______________________________________________________________________ | | | | | Total private: 2/ | | | | | _ Current dollars............|$10.76 |$11.09 |$11.03 | 2.5 | Constant (1982) dollars....| 7.34 | 7.42 | 7.35 | .1 | | | | | | Mining: | | | | | Current dollars............| 14.59 | 14.91 | 14.75 | 1.1 | Constant (1982) dollars....| 9.96 | 9.97 | 9.83 | -1.3 | | | | | | Construction: | | | | | Current dollars............| 14.24 | 14.59 | 14.56 | 2.2 | Constant (1982) dollars....| 9.72 | 9.76 | 9.70 | -.2 | | | | | | Manufacturing: | | | | | Current dollars............| 11.71 | 12.02 | 12.02 | 2.6 | Constant (1982) dollars....| 7.99 | 8.04 | 8.01 | .3 | | | | | | Transportation and | | | | | public utilities: | | | | | Current dollars............| 13.57 | 13.79 | 13.75 | 1.3 | Constant (1982) dollars....| 9.26 | 9.22 | 9.16 | -1.1 | | | | | | Wholesale trade: | | | | | Current dollars............| 11.66 | 11.99 | 11.92 | 2.2 | Constant (1982) dollars....| 7.96 | 8.02 | 7.94 | -.3 | | | | | | Retail trade: | | | | | Current dollars............| 7.26 | 7.47 | 7.45 | 2.6 | Constant (1982) dollars....| 4.96 | 5.00 | 4.96 | .0 | | | | | | Finance, insurance, | | | | | and real estate: | | | | | Current dollars............| 11.23 | 11.84 | 11.67 | 3.9 | Constant (1982) dollars....| 7.67 | 7.92 | 7.77 | 1.3 | | | | | | Services: | | | | | Current dollars............| 10.66 | 11.03 | 10.92 | 2.4 | Constant (1982) dollars....| 7.28 | 7.38 | 7.28 | .0 | | | | | | | | | | | _______________________________________________________________________ _________________________________________________________________________ | | Average | weekly earnings | ____________________________________________ | June | May | June |Percent change | 1993 | 1994p | 1994p |June 1993 | | | |June 1994 _________________________________________________________________________ | | | | Total private: 2/ | | | | _ Current dollars............|$372.30 |$385.93 |$383.84 | 3.1 Constant (1982) dollars....| 254.13 | 258.15 | 255.72 | .6 | | | | Industry Mining: | | | | Current dollars............| 644.88 | 667.97 | 668.18 | 3.6 Constant (1982) dollars....| 440.19 | 446.80 | 445.16 | 1.1 | | | | Construction: | | | | Current dollars............| 559.63 | 579.22 | 578.03 | 3.3 Constant (1982) dollars....| 382.00 | 387.44 | 385.10 | .8 | | | | Manufacturing: | | | | Current dollars............| 484.79 | 504.84 | 506.04 | 4.4 Constant (1982) dollars....| 330.91 | 337.69 | 337.14 | 1.9 | | | | Transportation and | | | | public utilities: | | | | Current dollars............| 538.73 | 552.98 | 552.75 | 2.6 Constant (1982) dollars....| 367.73 | 369.89 | 368.25 | .1 | | | | Wholesale trade: | | | | Current dollars............| 446.58 | 462.81 | 458.92 | 2.8 Constant (1982) dollars....| 304.83 | 309.57 | 305.74 | .3 | | | | Retail trade: | | | | Current dollars............| 210.54 | 215.88 | 216.80 | 3.0 Constant (1982) dollars....| 143.71 | 144.40 | 144.44 | .5 | | | | Finance, insurance, | | | | and real estate: | | | | Current dollars............| 399.79 | 427.42 | 414.29 | 3.6 Constant (1982) dollars....| 272.89 | 285.90 | 276.01 | 1.1 | | | | Services: | | | | Current dollars............| 347.52 | 360.68 | 354.90 | 2.1 Constant (1982) dollars....| 237.22 | 241.26 | 236.44 | -.3 | | | | | | | | _________________________________________________________________________ 1/ The deflator for the constant dollar series presented insurance, _ in this release is derived from 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 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 | | _______________________________________________________________________________________________________ | | | | | | | | | | | | | | June Apr. | July | Aug. | Sept. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | | May p |June p | | | | | | | | | | | | | _______________________________________________________________________________________________________________ _____________________ | | | | | | | | | | | | | Average hourly earnings: | | | | | | | | | | | | | Current dollars...........| $10.81| $10.82| $10.86| $10.88| $10.92| $10.94| $10.96| $11.02| $11.03| $11.02| $11.05| $11.09| $11.08 Constant (1982) dollars2/.| 7.38| 7.38| 7.39| 7.40| 7.39| 7.39| 7.40| 7.43| 7.42| 7.39| 7.40| 7.42| 7.39 _ | | | | | | | | | | | | | Average weekly earnings: | | | | | | | | | | | | | Current dollars...........| 371.86| 373.29| 375.76| 374.27| 376.74| 378.52| 378.12| 383.50| 378.33| 381.29| 383.44| 385.93| 383.37 Constant (1982) dollars2/.| 253.83| 254.46| 255.62| 254.43| 255.07| 255.76| 255.14| 258.60| 254.60| 255.73| 256.83| 258.15| 255.58 _ | | | | | | | | | | | | | | | | | | | | | | | | | | _______________________________________________________________________________________________________________ _____________________ 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...........| 7.42 | 7.43 | 7.44 | 7.45 | 7.45 | 7.47 1992...........| 7.43 | 7.44 | 7.43 | 7.42 | 7.42 | 7.42 1993...........| 7.40 | 7.38 | 7.40 | 7.38 | 7.38 | 7.38 1994...........| 7.43 | 7.42 | 7.39 | 7.40p | | | | | | | | ___________________________________________________________ | | | | | | | | | 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 | 7.47 | 7.46 | 7.43 | 7.44 1992...........| 7.41 | 7.42 | 7.40 | 7.40 | 7.41 | 7.38 1993...........| 7.38 | 7.39 | 7.40 | 7.39 | 7.39 | 7.40 | | | | | | ___________________________________________________________ | | Average weekly earnings | ___________________________________________________________ | | | | | | | Jan. | 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...........| 253.69 | 254.19 | 254.57 | 254.08 | 254.83 | 257.75 1992...........| 254.69 | 256.79 | 256.44 | 254.40 | 256.08 | 254.60 1993...........| 254.50 | 254.03 | 252.97 | 253.76 | 256.22 | 253.83 1994...........| 258.60 | 254.60 | 255.73 | 256.83p| | | | | | | | ___________________________________________________________ | | | | | | | July | Aug. | Sept. | Oct. | Nov. | Dec. | | | | | | ___________________________________________________________ | | | | | | 1989...........| 263.78 | 262.75 | 263.22 | 264.09 | 262.78 | 262.07 1990...........| 261.65 | 257.81 | 258.67 | 254.42 | 254.92 | 256.42 1991...........| 255.14 | 256.08 | 256.83 | 255.71 | 254.86 | 256.10 1992...........| 254.12 | 256.10 | 253.85 | 254.59 | 256.32 | 253.10 1993...........| 254.46 | 255.62 | 254.43 | 255.07 | 255.76 | 255.14 | | | | | | ___________________________________________________________________________ July 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. - Data not available. NOTE: These data have been revised to reflect the March 1993 employment benchmark and updated seasonal adjustment factors.