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American Hourly Earnings Down for Seventh Straight Month

August 11, 2021 by Forex Winner Leave a Comment

American Hourly Earnings Down for Seventh Straight Month

Source: Bureau of Labor Statistics

Average hourly earnings for American employees fell in July, marking the seventh straight month of declines.

  • Real average hourly earnings for all employees decreased by 0.1% from June to July.
  • The reading compares with the 0.5% decline in June and the 0.4% drop in July 2020. Earnings have declined in all the months of 2021 so far.
  • Hourly earnings averaged $11.22 in July, down from $11.23 in June and $11.36 in July 2020.
  • The latest figure comes as average hourly earnings increased by 0.4%, but consumer prices grew by 0.5%.
  • Compared with year-ago levels, real average hourly earnings fell 1.2%.
  • Hourly earnings for production and nonsupervisory employees were unchanged from the previous month.

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