BLS Data Dump. Real Earnings - November 13th, 2024

On to the Real Earnings.

Harkening back to February 2020, when the real hourly rate was $11.02, that rate is now $11.24 for hourly- private non farm payrolls, seasonally adjusted (last month was revised downward)...  

Whereas real  weekly earnings for that same cohort has moved from $378.92 to $385.56, up 47¢ from last month, after revisions...

For the real hourly earnings of Production and Non-Supervisory of $9.49 in February 2020, is now $9.85. Up 1¢ from last month's report...

The real weekly earnings for this group moved from $319.90, to 332.41. Down 46¢ from last month, after revisions...

All the above data is based directly on the CPI-U to get the "real" component.