Average hourly earnings for all employees increased 2.5 percent, and average weekly earnings were up 2.5 percent over the year ended May 2017, according to new Bureau of Labor Statistics numbers. The Consumer Price Index for All Urban Consumers, which is used to adjust earnings estimates for inflation, increased 1.9 percent over the year. After adjusting for inflation, real average hourly earnings increased 0.6 percent from May 2016 to May 2017. This increase in real average hourly earnings, combined with no change in the average workweek, resulted in a 0.6-percent increase in real average weekly earnings over this period.
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