Real average weekly earnings increased by 0.7 percent from June to July after
seasonal adjustment, according to a report by the Bureau of Labor Statistics of
the U.S. Department of Labor.
This was due to a 0.3 percent increase in average hourly earnings, a 0.3 percent
rise in average weekly hours, and a 0.1 percent decrease in the Consumer Price
Index for Urban Wage Earners and Clerical Workers (CPI-W).
Average weekly earnings rose by 2.3 percent, seasonally adjusted, from July
2003 to July 2004. After deflation by the CPI-W, average weekly earnings declined
by 0.7 percent. Before adjustment for seasonal change and inflation, average
weekly earnings were $526.94 in July 2004, compared with $515.27 a year earlier.