January Earnings See Downtick

February 22, 2005 (PLANSPONSOR.com) - Real average weekly earnings fell by 0.2% in January 2006 after seasonal adjustment, according to preliminary government data.

The Bureau of Labor Statistics (BLS) data from the US Department of Labor indicated that the fallback stemmed from a 0.7% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which was partially offset by a 0.4% increase in average hourly earnings.  Average weekly hours were unchanged during the period.

Average weekly earnings rose by 3.6%, seasonally adjusted, from January 2005 to January 2006.  After deflation by the CPI-W, average weekly earnings decreased by 0.4%. 

Before adjustment for seasonal change and inflation, average weekly earnings were $558.38 in January 2006, compared with $537.26 a year earlier.