Real earnings July 2005

Bureau of Labor Statistics, US Dept. of Labor

Consumer prices have overtaken small average earnings increases.

Real average weekly earnings fell by 0.2% from June to July after seasonal adjustment. A 0.6% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) more than offset a 0.4% increase in average hourly earnings.

Average weekly earnings rose by 2.7%, seasonally adjusted, from July 2004 to July 2005. After deflation by the CPI-W, average weekly earnings increased by 0.4%.

Before adjustment for seasonal change and inflation, average weekly earnings were $541.81 in July 2005, compared with $528.50 a year earlier.

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