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Real Average Hourly Earnings fell 0.3% in Sept
Real average hourly earnings for all employees fell 0.3 percent from August to September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. A 0.3 percent increase in average hourly earnings was more than offset by a 0.6 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings was unchanged over the month due to the decrease in real average hourly earnings combined with a 0.3 percent increase in the average workweek. Since reaching a peak in October 2010, real average weekly earnings has fallen 1.3 percent.
Real average hourly earnings fell 0.2 percent, seasonally adjusted, from September 2011 to September 2012. The decrease in real average hourly earnings, combined with a 0.3 percent increase in the average workweek, resulted in a 0.1 percent increase in real average weekly earnings over this period.
Posted: October 16, 2012 Tuesday 08:30 AM