Average Hourly Earnings Unchanged in February, CPI For All Items Increases 0.2%
March 19, 2018
The U.S. Bureau of Labor Statistics (BLS) has reported that real average hourly earnings for all employees were unchanged from January to February. This result stems from a 0.1-percent increase in average hourly earnings offset by a 0.2-percent increase in the Consumer Price Index (CPI).
Real average weekly earnings increased 0.3 percent over the month due to no change in real average hourly earnings combined with a 0.3-percent increase in the average workweek. Real average hourly earnings increased 0.4 percent, seasonally adjusted, from February 2017 to February 2018. The increase in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 0.6-percent increase in real average weekly earnings over this period.
The Consumer Price Index (CPI) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January. Over the last 12 months, the all items index rose 2.2 percent before seasonal adjustment.