no increase in Average hourly income after inflation since 11/01 - but

[papau]

the DOL is saying average weekly earnings have increased 4.2% over the past year.

The DOL's actual press release says real average weekly earnings fell by 0.5% in August, 0.3% decline in average weekly hours and a 0.4% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) were partially offset by 0.1% rise in average hourly earnings. It also says that from August 2005 to August 2006, average weekly earnings have risen 4.2% after seasonal adjustment. I decised to check this because I like most others have learned Bush released numbers tend to lie.

I FOUND THAT AFTER ADJUSTMENT FOR INFLATION THE AVERAGE HOURLY WAGE IS STUCK AT $8.15. IT DID NOT INCREASE ONE PENNY OVER THE PAST YEAR. SO IS THE WEEKING EARNINGS INCREASE BECAUSE WE ARE WORKING 4.2% MORE HOURS?

For BS with charts see: http://www.dol.gov/asp/media/reports/workforce2006/ADW2006_Full_Text.pdf

Series Id: Not Seasonally AVERAGE HOURLY EARNINGS OF PRODUCTION WORKERS

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 13.82 13.81 13.83 13.94 13.89 13.89 13.95 13.95 14.14 14.22 14.24 14.29 14.00
2001 14.34 14.38 14.41 14.49 14.45 14.44 14.48 14.48 14.68 14.66 14.72 14.79 14.53
2002 14.81 14.80 14.81 14.83 14.82 14.88 14.86 14.91 15.10 15.12 15.15 15.25 14.95
2003 15.26 15.34 15.31 15.27 15.27 15.30 15.28 15.31 15.43 15.42 15.52 15.48 15.35
2004 15.55 15.59 15.54 15.59 15.63 15.56 15.58 15.66 15.79 15.82 15.84 15.87 15.67
2005 15.99 15.95 15.96 16.01 16.03 15.97 16.05 16.06 16.22 16.35 16.30 16.37 16.11
2006 16.52 16.51 16.51 16.68 16.58 16.60 16.73(p) 16.68(p) p : preliminary

SO NOT SEASONALLY ADJUSTED HOURLY EARNINGS ARE UP 3.8% (1668/1606).

Series Id: Not Seasonally Adjusted AVERAGE WEEKLY EARNINGS OF PRODUCTION WORKERS

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2001 483.26 486.04 487.06 491.21 489.86 492.40 498.11 495.22 500.59 494.04 496.06 504.34 493.20
2002 493.17 497.28 497.62 499.77 500.92 511.87 503.75 509.92 516.42 511.06 510.56 520.03 506.07
2003 509.68 515.42 515.95 510.02 513.07 521.73 514.94 519.01 519.99 519.65 527.68 520.13 517.30
2004 517.82 526.94 520.59 522.27 531.42 524.37 528.16 535.57 530.54 533.13 532.22 536.41 528.36
2005 537.26 534.33 533.06 537.94 543.42 539.79 542.49 544.43 549.86 557.54 550.94 551.67 543.65
2006 558.38 553.09 554.74 565.45 558.75 564.40 572.17(p) 567.12(p) p : preliminary

AND NOT SEASONALLY ADJUSTED WEEKLY EARNINGS ARE UP 4.2% (56712/54443).

SO THE ONLY THING MISSING IS THE ADJUSTMENT FOR INFLATION.

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)

Seasonally Adjusted Super Sector: Total privateIndustry: Total privateNAICS Code: N/AData Type: AVERAGE HOURLY EARNINGS, 1982 DOLLARS

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1996 7.55 7.54 7.53 7.54 7.54 7.56 7.56 7.58 7.58 7.57 7.58 7.58
1997 7.59 7.60 7.63 7.64 7.67 7.67 7.68 7.71 7.70 7.74 7.76 7.78
1998 7.79 7.83 7.86 7.88 7.88 7.88 7.88 7.92 7.93 7.93 7.94 7.94
1999 7.95 7.98 8.00 7.98 8.00 8.02 8.01 8.01 8.00 8.00 8.00 8.00
2000 8.02 8.01 7.98 8.03 8.03 8.01 8.02 8.04 8.03 8.05 8.07 8.07
2001 8.04 8.07 8.09 8.09 8.06 8.08 8.10 8.13 8.11 8.16 8.20 8.23
2002 8.23 8.23 8.21 8.19 8.22 8.23 8.23 8.23 8.24 8.26 8.26 8.28
2003 8.26 8.25 8.21 8.24 8.29 8.30 8.30 8.28 8.25 8.27 8.31 8.29
2004 8.27 8.26 8.23 8.24 8.22 8.21 8.22 8.25 8.25 8.21 8.20 8.22
2005 8.23 8.21 8.19 8.17 8.20 8.22 8.20 8.15 8.05 8.09 8.15 8.20
2006 8.17 8.20 8.19 8.18 8.15 8.17 8.17(p) 8.15(p)
p : preliminary

SO AFTER ADJUSTMENT FOR INFLATION THE AVERAGE HOURLY WAGE IS STUCK AT $8.15. IT DID NOT INCREASE ONE PENNY OVER THE PAST YEAR.

[bullimiami]

1. our wages, bonuses and benefits have suffered since bush overthrew our

country.
never before in over 15 years has our business been in such a struggle.

i say the economy has gone to shit for everyone but the rich, the connected and the profiteers.

[papau]

2. I agree - the wage gain is all in the upper income population - and there

it is extremely concentrated in the very highest income crowd - the top 1/10 of 1% of the population.

[AX10]

3. K & R!