AMAZON-OVERSTOCK-OUTLET
Woman Putting on Shoes

Workers Wages Increased in March 2023! Labor Statistics Survey Results.

U.S. Bureau of Labor Statistics, BLS, says that all workers’ real average hourly wages went up by 0.2% in March results of the survey (April 13, 2023).

Seasonally adjusted, the average real hourly wage for all workers increased by 0.2% from February to March, according to a U.S. Bureau of Labor Statistics, BLS, report on April 12. This is because the average hourly wage increased by 0.3 percent, and the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.1 percent.

The change in real average hourly wages and a 0.3% drop in the average workweek caused real average weekly earnings to drop by 0.1% over the past month.

Seasonally corrected, the average real hourly wage decreased by 0.7% from March 2022 to March 2023. The change in real average hourly earnings and a drop of 0.9% in the average workweek led to a drop of 1.6% in real average weekly earnings during this time.

People who do work but don’t supervise others. Seasonally corrected, the average real hourly wage for production and nonsupervisory workers rose by 0.3% from February to March. The average hourly wage increased by 0.3%, and the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) didn’t change.

The change in real average hourly earnings, plus the fact that the average workweek didn’t change, made real average weekly earnings go up by 0.3% over the last month.

Seasonally corrected, the average real hourly wage increased by 0.5% from March 2022 to March 2023. The change in real average hourly wages and a 0.6 percent drop in the average workweek led to a 0.1 percent drop in real average weekly wages during this time.

To read the Statistics Report, visit: https://www.bls.gov/news.release/realer.nr0.htm

SURVEY RESULTS: Tight labor market forces U.S. businesses to hike 2023 wage raises.

Leave a Reply

Related Posts
%d