Full text of October 1994 : Text File, USDL 94-558
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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
Table 3. Revised seasonally adjusted average hourly and weekly earnings of
Technical information: (202) 606-6555 USDL 94-558
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WIRE EMBARGO UNTIL
10:00 A.M. (EST) WEDNESDAY,
NOVEMBER 16, 1994
REAL EARNINGS IN OCTOBER 1994
Real average weekly earnings rose 1.5 percent from September
to October 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 0.7 percent increase
in average hourly earnings coupled with a 0.9 percent increase in
average weekly hours. 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 4.1 percent between October
of 1993 and 1994 as a result of a 2.9 percent increase in average
hourly earnings and a 1.2 percent increase in average weekly
hours. After adjustment for a 2.6 percent gain in the CPI-W
over the same period, real average weekly earnings rose by 1.5
percent. Before adjustment for seasonal change and deflation by
the CPI-W, average weekly earnings were $394.10 in October 1994,
compared with $378.52 a year earlier.
_____________________________
Real Earnings for October 1994 will be released on Wednesday,
December 14, 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: | | | | |
Oct. | 0.4 | 0.3 | 0.7 | 0.4 | 0.3
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 | .4 | .3 | .6 | .1 | .5
June | -.1 | -.6 | -.7 | .3 | -1.0
July | .3 | .0 | .3 | .4 | -.1
Aug. | .2 | -.6 | -.4 | .4 | -.8
Sept. p | .3 | .6 | .9 | .1 | .7
Oct. p | .7 | .9 | 1.6 | .1 | 1.5
| | | | |
________________________________________________________________
Percent change from same month a year ago
________________________________________________________________
1993: | | | | |
Oct. | 2.5 | 0.6 | 3.1 | 2.7 | 0.5
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 | 2.5 | .3 | 2.8 | 2.1 | .7
June | 2.5 | .6 | 3.1 | 2.4 | .6
July | 2.7 | .3 | 3.0 | 2.6 | .3
Aug. | 2.4 | -.6 | 1.8 | 2.9 | -1.0
Sept. p | 2.7 | .9 | 3.6 | 3.0 | .6
Oct. p | 2.9 | 1.2 | 4.1 | 2.6 | 1.5
| | | | |
________________________________________________________________
1/ The deflator for the for Urban Wage Earners and
_
constant dollar series present- Clerical 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 |
| hourly earnings |
Industry | |
_________________________________________
| Oct. | Sept. | Oct. |Percent change |
| 1993 | 1994p | 1994p |Oct. 1993 - |
| | | |Oct. 1994 |
_______________________________________________________________________
| | | | |
Total private: 2/ | | | | |
_
Current dollars............|$10.94 |$11.21 |$11.26 | 2.9 |
Constant (1982) dollars....| 7.40 | 7.39 | 7.42 | .3 |
| | | | |
Mining: | | | | |
Current dollars............| 14.47 | 14.91 | 14.89 | 2.9 |
Constant (1982) dollars....| 9.78 | 9.84 | 9.82 | .4 |
| | | | |
Construction: | | | | |
Current dollars............| 14.55 | 14.94 | 15.00 | 3.1 |
Constant (1982) dollars....| 9.84 | 9.85 | 9.89 | .5 |
| | | | |
Manufacturing: | | | | |
Current dollars............| 11.80 | 12.14 | 12.11 | 2.6 |
Constant (1982) dollars....| 7.98 | 8.01 | 7.98 | .0 |
| | | | |
Transportation and | | | | |
public utilities: | | | | |
Current dollars............| 13.66 | 13.93 | 14.00 | 2.5 |
Constant (1982) dollars....| 9.24 | 9.19 | 9.23 | -.1 |
| | | | |
Wholesale trade: | | | | |
Current dollars............| 11.81 | 12.05 | 12.16 | 3.0 |
Constant (1982) dollars....| 7.99 | 7.95 | 8.02 | .4 |
| | | | |
Retail trade: | | | | |
Current dollars............| 7.36 | 7.53 | 7.57 | 2.9 |
Constant (1982) dollars....| 4.98 | 4.97 | 4.99 | .2 |
| | | | |
Finance, insurance, | | | | |
and real estate: | | | | |
Current dollars............| 11.52 | 11.86 | 12.04 | 4.5 |
Constant (1982) dollars....| 7.79 | 7.82 | 7.94 | 1.9 |
| | | | |
Services: | | | | |
Current dollars............| 10.87 | 11.12 | 11.21 | 3.1 |
Constant (1982) dollars....| 7.35 | 7.34 | 7.39 | .5 |
| | | | |
| | | | |
_______________________________________________________________________
_________________________________________________________________________
|
| Average
| weekly earnings
Industry |
____________________________________________
| Oct. | Sept. | Oct. |Percent change
| 1993 | 1994p | 1994p |Oct. 1993 -
| | | |Oct. 1994
_________________________________________________________________________
| | | |
Total private: 2/ | | | |
_
Current dollars............|$378.52 |$390.11 |$394.10 | 4.1
Constant (1982) dollars....| 255.93 | 257.33 | 259.79 | 1.5
| | | |
Mining: | | | |
Current dollars............| 658.39 | 678.41 | 680.47 | 3.4
Constant (1982) dollars....| 445.16 | 447.50 | 448.56 | .8
| | | |
Construction: | | | |
Current dollars............| 571.82 | 596.11 | 591.00 | 3.4
Constant (1982) dollars....| 386.63 | 393.21 | 389.58 | .8
| | | |
Manufacturing: | | | |
Current dollars............| 493.24 | 514.74 | 512.25 | 3.9
Constant (1982) dollars....| 333.50 | 339.54 | 337.67 | 1.3
| | | |
Transportation and | | | |
public utilities: | | | |
Current dollars............| 545.03 | 558.59 | 564.20 | 3.5
Constant (1982) dollars....| 368.51 | 368.46 | 371.92 | .9
| | | |
Wholesale trade: | | | |
Current dollars............| 452.32 | 462.72 | 471.81 | 4.3
Constant (1982) dollars....| 305.83 | 305.22 | 311.02 | 1.7
| | | |
Retail trade: | | | |
Current dollars............| 211.97 | 218.37 | 220.29 | 3.9
Constant (1982) dollars....| 143.32 | 144.04 | 145.21 | 1.3
| | | |
Finance, insurance, | | | |
and real estate: | | | |
Current dollars............| 411.26 | 419.84 | 437.05 | 6.3
Constant (1982) dollars....| 278.07 | 276.94 | 288.10 | 3.6
| | | |
Services: | | | |
Current dollars............| 352.19 | 360.29 | 367.69 | 4.4
Constant (1982) dollars....| 238.13 | 237.66 | 242.38 | 1.8
| | | |
| | | |
_________________________________________________________________________
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 | |
_______________________________________________________________________________________________________
| | | | | | | | | | | | |
| Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. |Sept. p|Oct. p
| | | | | | | | | | | | |
____________________________________________________________________________________________________________________________________
| | | | | | | | | | | | |
Average hourly earnings: | | | | | | | | | | | | |
Current dollars...........| $10.92| $10.94| $10.96| $11.02| $11.03| $11.02| $11.05| $11.09| $11.08| $11.11| $11.13| $11.16| $11.24
Constant (1982) dollars2/.| 7.39| 7.39| 7.40| 7.43| 7.42| 7.39| 7.40| 7.42| 7.39| 7.38| 7.36| 7.37| 7.42
_
| | | | | | | | | | | | |
Average weekly earnings: | | | | | | | | | | | | |
Current dollars...........| 376.74| 378.52| 378.12| 383.50| 378.33| 381.29| 383.44| 385.93| 383.37| 384.41| 382.87| 386.14| 392.28
Constant (1982) dollars2/.| 255.07| 255.76| 255.14| 258.60| 254.60| 255.73| 256.83| 258.15| 255.58| 255.25| 253.22| 255.05| 258.93
_
| | | | | | | | | | | | |
| | | | | | | | | | | | |
____________________________________________________________________________________________________________________________________
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
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 | - | -
| | | | | |
___________________________________________________________
| | | | | |
| 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 | 7.47 | 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
| | | | | |
___________________________________________________________________________
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.