Friday, June 15, 2007
Tweet[IWS] BLS: REAL EARNINGS IN MAY 2007 [15 June 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
REAL EARNINGS IN MAY 2007 [15 June 2007]
http://www.bls.gov/news.release/realer.nr0.htm
or
http://www.bls.gov/news.release/pdf/realer.pdf
[full-text, 5 pages]
Real average weekly earnings fell by 0.2 percent from April to May after
seasonal adjustment, according to preliminary data released today by the Bureau
of Labor Statistics of the U.S. Department of Labor. A 0.3 percent increase in
both average weekly hours and average hourly earnings was more than offset by a
0.8 percent increase 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, seasonally adjusted, from May
2006 to May 2007. After deflation by the CPI-W, average weekly earnings
increased by 1.4 percent. Before adjustment for seasonal change and inflation,
average weekly earnings were $583.73 in May 2007, compared with $560.09 a year
earlier.
_____________________________
Real Earnings for June 2007 will be released on Wednesday, July 18,
2007.
AND MORE...including TABLES...
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
REAL EARNINGS IN MAY 2007 [15 June 2007]
http://www.bls.gov/news.release/realer.nr0.htm
or
http://www.bls.gov/news.release/pdf/realer.pdf
[full-text, 5 pages]
Real average weekly earnings fell by 0.2 percent from April to May after
seasonal adjustment, according to preliminary data released today by the Bureau
of Labor Statistics of the U.S. Department of Labor. A 0.3 percent increase in
both average weekly hours and average hourly earnings was more than offset by a
0.8 percent increase 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, seasonally adjusted, from May
2006 to May 2007. After deflation by the CPI-W, average weekly earnings
increased by 1.4 percent. Before adjustment for seasonal change and inflation,
average weekly earnings were $583.73 in May 2007, compared with $560.09 a year
earlier.
_____________________________
Real Earnings for June 2007 will be released on Wednesday, July 18,
2007.
AND MORE...including TABLES...
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 11:32 AM
