Real Earnings Month-over-Month measures the change in average hourly earnings for all employees after adjusting for inflation. This indicator reflects the actual purchasing power of workers' income. If nominal wages grow slower than inflation, real earnings decline, potentially reducing consumer spending. It is a key indicator of the standard of living and future economic demand.
The BLS calculates this by adjusting the average hourly earnings data from the establishment survey using the Consumer Price Index for All Urban Consumers (CPI-U).
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 12, 2026 | 0.00 | — | — |
| Jul 14, 2026 | 0.80 | — | — |
| Jun 10, 2026 | -0.20 | — | — |
| May 12, 2026 | -0.20 | — | — |
| Apr 10, 2026 | -0.90 | — | — |
| Mar 11, 2026 | 0.10 | — | — |
| Feb 13, 2026 | 0.50 | — | — |
| Jan 13, 2026 | -0.30 | — | — |
| Nov 21, 2025 | -0.10 | — | — |
| Sep 11, 2025 | -0.10 | — | — |
| Aug 12, 2025 | 0.40 | — | — |
| Jul 15, 2025 | -0.40 | — | — |
| Jun 11, 2025 | 0.30 | — | — |
| May 13, 2025 | -0.10 | — | — |
| Apr 10, 2025 | 0.30 | — | — |
| Mar 12, 2025 | 0.10 | — | — |
| Feb 12, 2025 | -0.30 | — | — |
| Jan 15, 2025 | -0.10 | — | — |
| Nov 13, 2024 | 0.10 | — | — |
| Oct 10, 2024 | -0.10 | — | — |
| Sep 11, 2024 | 0.50 | — | — |
| Aug 14, 2024 | -0.20 | — | — |
| Jun 12, 2024 | 0.40 | — | — |
| Apr 10, 2024 | 0.30 | — | — |
| Feb 13, 2024 | -0.30 | — | — |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jul 14, 2026 | 0.80 | 0.80 | 0 ↓ |
