The most comprehensive resource available for human resources professionals providing HR news, white papers, custom research answers, webinars and OnDemand programs on the hottest HR topics,...
Nov. 17 — The average worker's inflation-adjusted weekly earnings jumped 0.5 percent in October after holding steady the prior month, reflecting a pickup in wage growth, Labor Department figures showed Nov. 17.
The increase for private sector production and non-supervisory employees stemmed from a 0.4 percent hike in average hourly earnings before adjustment for inflation and a six-minute expansion in work hours to 33 hours 42 minutes per week. The resulting 0.7 percent earnings boost outweighed a 0.2 percent rise in the cost of living, as measured by consumer price index for urban wage earners and clerical workers (CPI-W).
Over the 12 months ended in October, real weekly pay climbed 2.7 percent, reflecting higher wages and a decline in the cost of living. By comparison, over the same period ending in October 2014, real weekly pay rose 1.1 percent.
The recent year-over-year gain in real average weekly earnings resulted from a 0.4 percent drop in the CPI-W and a 2.2 percent increase in unadjusted hourly earnings. Work hours were unchanged.
Among all private sector employees including supervisors and managers, inflation-adjusted average weekly earnings rose 0.2 percent in October following a 0.1 percent decline the prior month, as hourly pay grew.
Unadjusted hourly wages were up 0.4 percent, while the consumer price index for all urban consumers (CPI-U)—which measures the cost of living for all Americans—climbed 0.2 percent. The average workweek was unchanged at 34 hours 30 minutes.
Over the 12 months ended in October, real average weekly earnings of all employees grew 2.1 percent. Unadjusted hourly pay climbed 2.5 percent, while prices rose 0.1 percent and average work hours declined by six minutes.
For more information, see Compensation and Benefits Library's Bloomberg BNA's Wage Trend Indicator chapter.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)