US: Real average hourly earnings down 0.2% over the 12 months ending July 2018

"Real average hourly earnings for all employees decreased 0.2 percent from July 2017 to July 2018," the U.S. Bureau of Labor Statistics said in its latest publication of 'TED: The Economics Daily.'

Key quotes

• The decline in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this 12-month period.
• For production and nonsupervisory employees, real average hourly earnings decreased 0.4 percent, seasonally adjusted, over the 12 months ending July 2018.
  • The decline in real average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a 0.1-percent decrease in real average weekly earnings over this 12-month period.