Economic News Release USDL-22-1626

Real Earnings Summary
Transmission of material in this release is embargoed until 8:30 a.m. (ET), Wednesday, August 10, 2022

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REAL EARNINGS – JULY 2022

All employees

Real average hourly earnings for all employees increased 0.5 percent from June to July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.5 percent in average hourly earnings combined with no change in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings increased 0.5 percent over the month due to the change in real average hourly earnings combined with no change in the average workweek.

Real average hourly earnings decreased 3.0 percent, seasonally adjusted, from July 2021 to July 2022. The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 3.6-percent decrease in real average weekly earnings over this period.

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