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March 20, 2006
Wages Flat in February

Inflation-adjusted average weekly earnings were unchanged from January to February after seasonal adjustment, according to Bureau of Labor Statistics of the U.S. Department of Labor.

A 0.3 percent increase in average hourly earnings was offset by a 0.3 percent decrease in average weekly hours. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was unchanged.

Average weekly earnings rose by 3.5 percent, seasonally adjusted, from February 2005 to February 2006. After deflation by the CPI-W, average weekly earnings decreased by 0.1 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $553.42 in February 2006, compared with $534.33 a year earlier.

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