Last Thursday, the BLS posted real earnings month-over-month. Here are the charts.

Real Earnings All Employees

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For all employees, the BLS reports "Real average hourly earnings increased 0.5 percent, seasonally adjusted, from September 2017 to September 2018."

Real Earnings Production and Nonsupervisory Workers

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For production and supervisory workers the BLS reports "From September 2017 to September 2018, real average hourly earnings increased 0.4 percent, seasonally adjusted."

I created the lead chart by taking year-over-year earnings and subtracting the year-over-year CPI.

The BLS uses CPI-U for all employees and CPI-W for production and nonsupervisory workers.

The data series for nonsupervisory workers goes back much further than for all employees.

Real or Imaginary?

Workers may make more than they did a year ago if they are not in school, are not looking to buy a home, don't live in a high rent area, and don't have to pay their own medical insurance.

Also, the numbers are averages. The median employee is no doubt losing to inflation even if they are not in school, are not looking to buy a home, don't live in a high rent area, and don't have to pay their own medical insurance.

Mike "Mish" Shedlock

Congratulations Workers: You Make 0.3% More Per Hour Than One Year Ago

In real terms, workers make 0.3% more per hour than a year ago, assuming one believes the BLS CPI Statistics.

Congratulations Workers! You Make One Penny More Than a Year Ago

Real wages for production and nonsupervisory workers are up precisely one penny per hour from January of 2017.

Congratulations Workers! You Make a Penny More Per Hour Than Last Month

The average worker makes a penny more per hour than last month in real terms. The year-over-year gain is precisely zero.

Congratulations! BLS Says You Make 2.33% More Than Last Year: Does That Cover the Bills?

Economists keep expecting a big boom in consumer spending. They also expect a huge wage-price spiral. I expect neither. Let’s investigate.

Real Hourly Earnings Scorecards: Employees Making Way Less Than 9 Months Ago

Hourly wages, in real terms, have been on the decline for nine months.

Real Wages Decline in December, Barely Up From Year Ago

Real wages for production workers fell 0.2% in Dec. Real wages for all employees fell 0.1%. Both barely up from yr ago.

Real Wages Decline Year-Over-Year

Wages are not keeping up with consumer price inflation. The average worker is worse off than a year ago.

Real Hourly Earnings Decline YoY for Production Workers, Flat for All Employees

Today's CPI report that shows inflation rose only 0.1%. Real wages are not keeping up even with that.