Inflation-adjusted, or real, average weekly earnings fell by 0.3 percent from January to February after seasonal adjustment, according to preliminary data released by the Bureau of Labor Statistics of the U.S. Department of Labor.
A 0.3 percent decline in average weekly hours and a 0.4 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) were partially offset by a 0.4 percent rise in average hourly earnings.
Real average weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W.
Average weekly earnings rose by 3.8 percent, seasonally adjusted, from February 2006 to February 2007. After deflation by the CPI-W, average weekly earnings increased by 1.5 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $574.81 in February 2007, compared with $553.76 a year earlier.