Report: Average weekly earnings up in Oct.

Preliminary data from the Bureau of Labor Statistics reported on Wednesday that real average weekly earnings rose by 0.4 percent from September to October after seasonal adjustment. This increase stemmed from a 0.5 percent increase in average hourly earnings and a 0.1 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours were unchanged.

Data on average weekly earnings are collected from the payroll reports of private nonfarm establishments. Earnings of both full-time and part-time workers holding production or nonsupervisory jobs are included. Real average weekly earnings are calculated by adjusting earnings in current dollars for changes in the CPI-W.

Average weekly earnings rose by 2.9 percent, seasonally adjusted, from October 2004 to October 2005. After deflation by the CPI-W, average weekly earnings decreased by 1.6 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $555.56 in October 2005, compared with $534.72 a year earlier.