Why the Average Hourly Earnings Reported in the Economic Report of the President Changed
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Author
Baker, Gary
Clevenger, Thomas
Publisher
Washburn University. School of Business
Sponsor
Kaw Valley Bank
Issue Date
March 2004
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Alternative Title
Abstract
Some economists use the Economic Report of the President as a source for determining the average hourly earnings paid in the private nonagricultural sector of the economy. The Economic Reports of the President have a table that presents average hourly earnings from 1964 to present. Each year's average hourly earnings reported in 2004 are higher than for the years reported in the 2003 Economic Report. This paper attempts to explain why.