Full text of March 1994 : Text File, USDL 94-191
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TEXT
Table A. Composition of change in real earnings (production or
Table 1. Earnings of production or nonsupervisory workers on private
Table 2. Earnings of production or nonsupervisory workers on private nonfarm payrolls1/, seasonally adjusted
Technical information: (202) 606-6555 USDL 94-191
Media contact: 606-5902
WIRE EMBARGO UNTIL
10:00 A.M. (EDT) WEDNESDAY,
APRIL 13, 1994
REAL EARNINGS IN MARCH 1994
Real average weekly earnings rose 0.9 percent from February
to March 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 1.2 percent increase in
average weekly hours coupled with a 0.1 percent increase in
average hourly earnings. These gains were partially offset by a
0.3 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 3.6 percent between March
of 1993 and 1994 as a result of a 2.4 percent increase in average hourly
earnings and a 1.2 percent increase in average weekly hours.
After adjustment for a 2.3 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 $380.12 in March 1994, compared
with $366.86 a year earlier.
_____________________________
Real Earnings for April 1994 will be released on Friday,
May 13, 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: | | | | |
Mar. | 0.4 | -0.6 | -0.2 | 0.2 | -0.4
Apr. | -.1 | .6 | .5 | .3 | .2
May | .5 | .9 | 1.3 | .3 | 1.1
June | -.1 | -.9 | -1.0 | .1 | -1.0
July | .0 | .3 | .3 | .1 | .2
Aug. | .5 | .6 | 1.0 | .1 | .8
Sept. | .0 | -1.2 | -1.2 | .1 | -1.2
Oct. | .6 | .6 | 1.1 | .4 | .7
Nov. | .1 | .0 | .1 | .2 | -.1
Dec. | .2 | .0 | .2 | .1 | (2)
1994: | | | | |
Jan. | .6 | .9 | 1.5 | .1 | 1.4
Feb. p | .1 | -1.4 | -1.3 | .2 | -1.5
Mar. p | .1 | 1.2 | 1.3 | .3 | .9
| | | | |
Percent change from same month a year ago
1993: | | | | |
Mar. | 2.6 | -0.6 | 2.0 | 3.0 | -1.0
Apr. | 2.5 | .3 | 2.8 | 3.1 | -.3
May | 2.8 | .6 | 3.4 | 3.1 | .2
June | 2.3 | .3 | 2.6 | 2.8 | -.2
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. | 2.4 | .6 | 3.0 | 2.7 | .4
Nov. | 2.2 | .0 | 2.2 | 2.6 | -.3
Dec. | 2.5 | .6 | 3.1 | 2.5 | .6
1994: | | | | |
Jan. | 2.7 | .9 | 3.6 | 2.4 | 1.2
Feb. p | 2.7 | -.3 | 2.4 | 2.3 | .1
Mar. p | 2.4 | 1.2 | 3.6 | 2.3 | 1.3
| | | | |
1/ The deflator for the for Urban Wage Earners and
constant dollar series present- Clerical Workers (CPI-W).
ed in this release is derived 2/ Less than 0.05 percent.
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 |
| hourly earnings |
Industry | |
| Mar. | Feb. | Mar. |Percent change |
| 1993 | 1994p | 1994p |Mar. 1993 - |
| | | |Mar. 1994 |
| | | | |
Total private: 2/ | | | | |
Current dollars............|$10.79 |$11.06 |$11.05 | 2.4 |
Constant (1982) dollars....| 7.41 | 7.44 | 7.42 | .1 |
| | | | |
Mining: | | | | |
Current dollars............| 14.71 | 14.84 | 14.85 | 1.0 |
Constant (1982) dollars....| 10.10 | 9.99 | 9.97 | -1.3 |
| | | | |
Construction: | | | | |
Current dollars............| 14.27 | 14.43 | 14.42 | 1.1 |
Constant (1982) dollars....| 9.80 | 9.71 | 9.68 | -1.2 |
| | | | |
Manufacturing: | | | | |
Current dollars............| 11.64 | 12.02 | 12.01 | 3.2 |
Constant (1982) dollars....| 7.99 | 8.09 | 8.06 | .9 |
| | | | |
Transportation and | | | | |
public utilities: | | | | |
Current dollars............| 13.63 | 13.87 | 13.88 | 1.8 |
Constant (1982) dollars....| 9.36 | 9.33 | 9.32 | -.4 |
| | | | |
Wholesale trade: | | | | |
Current dollars............| 11.59 | 11.92 | 11.86 | 2.3 |
Constant (1982) dollars....| 7.96 | 8.02 | 7.96 | .0 |
| | | | |
Retail trade: | | | | |
Current dollars............| 7.28 | 7.45 | 7.44 | 2.2 |
Constant (1982) dollars....| 5.00 | 5.01 | 4.99 | -.2 |
| | | | |
Finance, insurance, | | | | |
and real estate: | | | | |
Current dollars............| 11.17 | 11.71 | 11.67 | 4.5 |
Constant (1982) dollars....| 7.67 | 7.88 | 7.83 | 2.1 |
| | | | |
Services: | | | | |
Current dollars............| 10.81 | 11.08 | 11.06 | 2.3 |
Constant (1982) dollars....| 7.42 | 7.46 | 7.42 | .0 |
| | | | |
| | | | |
_________________________________________________________________________
|
| Average
| weekly earnings
Industry |
| Mar. | Feb. | Mar. |Percent change
| 1993 | 1994p | 1994p |Mar. 1993 -
| | | |Mar. 1994
| | | |
Total private: 2/ | | | |
Current dollars............|$366.86 |$376.04 |$380.12 | 3.6
Constant (1982) dollars....| 251.96 | 253.06 | 255.11 | 1.3
| | | |
Mining: | | | |
Current dollars............| 631.06 | 647.02 | 654.89 | 3.8
Constant (1982) dollars....| 433.42 | 435.41 | 439.52 | 1.4
| | | |
Construction: | | | |
Current dollars............| 533.70 | 519.48 | 550.84 | 3.2
Constant (1982) dollars....| 366.55 | 349.58 | 369.69 | .9
| | | |
Manufacturing: | | | |
Current dollars............| 476.08 | 491.62 | 503.22 | 5.7
Constant (1982) dollars....| 326.98 | 330.83 | 337.73 | 3.3
| | | |
Transportation and | | | |
public utilities: | | | |
Current dollars............| 534.30 | 549.25 | 551.04 | 3.1
Constant (1982) dollars....| 366.96 | 369.62 | 369.83 | .8
| | | |
Wholesale trade: | | | |
Current dollars............| 438.10 | 451.77 | 451.87 | 3.1
Constant (1982) dollars....| 300.89 | 304.02 | 303.27 | .8
| | | |
Retail trade: | | | |
Current dollars............| 202.38 | 209.35 | 212.04 | 4.8
Constant (1982) dollars....| 139.00 | 140.88 | 142.31 | 2.4
| | | |
Finance, insurance, | | | |
and real estate: | | | |
Current dollars............| 396.54 | 419.22 | 416.62 | 5.1
Constant (1982) dollars....| 272.35 | 282.11 | 279.61 | 2.7
| | | |
Services: | | | |
Current dollars............| 349.16 | 357.88 | 358.34 | 2.6
Constant (1982) dollars...| 239.81 | 240.83 | 240.50 | .3
| | | |
| | | |
1/ The deflator for te constant dollar series presented and public utilities, trade, finance, insurance,
in this release is derivedfrom the Consumer Price Index for and real estate, and services. Included in this
Urban Wage Earners and Cleical Workers (CPI-W). group are approximately four-fifths of all jobs
2/ Data relate to theearnings of production and related on private industry payrolls.
workers in mining and manuacturing; construction workers in
construction; and nonsuperisory workers in transportation p = preliminary.
Table 2. Earnings of production or nonsupervisory workers on private nonfarm payrolls1/, seasonally adjusted
____________________________________________________________________________________________________________________________________
| |
| 1993 | 1994
Earnings | |
| | | | | | | | | | | | |
| Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | Jan. |Feb. p |Mar. p
| | | | | | | | | | | | |
| | | | | | | | | | | | |
Average hourly earnings: | | | | | | | | | | | | |
Current dollars...........| $10.78| $10.77| $10.82| $10.81| $10.81| $10.86| $10.86| $10.92| $10.93| $10.95| $11.02| $11.03| $11.04
Constant (1982) dollars2/.| 7.40| 7.38| 7.39| 7.38| 7.37| 7.39| 7.38| 7.39| 7.39| 7.39| 7.43| 7.42| 7.40
| | | | | | | | | | | | |
Average weekly earnings: | | | | | | | | | | | | |
Current dollars...........| 368.68| 370.49| 375.45| 371.86| 372.95| 376.84| 372.50| 376.74| 377.09| 377.78| 383.50| 378.33| 383.09
Constant (1982) dollars2/.| 253.21| 253.76| 256.45| 253.83| 254.23| 256.35| 253.23| 255.07| 254.79| 254.91| 258.60| 254.60| 256.93
| | | | | | | | | | | | |
| | | | | | | | | | | | |
1/ See footnote 2, table 1. Urban Wage Earners and Clerical Workers (CPI-W).
2/ The deflator for the constant dollar series presented p = preliminary.
in this release is derived from the Consumer Price Index for