Real Average Earnings Inched Up in June

July 31, 2007 ( - Real average weekly earnings rose by 0.5% in June, according to preliminary data from the Bureau of Labor Statistics of the U.S. Department of Labor.

The 0.3% increases in both average weekly hours and average hourly earnings were partially offset by a 0.1% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Average weekly earnings rose by 3.9% percent from June 2006 to June 2007.   After deflation by the CPI-W, average weekly earnings increased by 1.3%.

Average weekly earnings were $587.86 in June 2007, compared with $565.42 a year earlier.

For more information and a breakdown by industry go here.