This increase in average hourly earnings stems from a 2.5-percent increase in average hourly earnings being offset by a 2.3-percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
The increase in real average hourly earnings combined with no change in the average workweek resulted in a 0.2-percent increase in real average weekly earnings over this period.
Median weekly earnings of the nation's 114.9 million full-time wage and salary workers were $859 in the third quarter of 2017 (not seasonally adjusted). This was 3.9 percent higher than a year earlier, compared with a gain of 2.0 percent in the CPI-U.
Private nonfarm business sector multifactor productivity decreased at a 0.2-percent annual rate in 2016, the U.S. Bureau of Labor Statistics
reported today. This 2016 decline reflected a 1.7-percent increase in output and a 1.9-percent increase in the combined inputs of capital and labor. Capital services grew by 2.4 percent and labor input–which is the combined effect of hours worked and labor composition–grew by 1.6 percent. This was the first decline in multifactor productivity growth since 2009.
FOUND IN: Employment