Research >> Economics
Real Average Hourly Earnings decreased 0.4% in November
Real average hourly earnings for all employees decreased 0.4 percent from October to November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.1 percent decrease in average hourly earnings being more than offset by a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.3 percent over the month due to the decrease in real average hourly earnings combined with no change in the average workweek.
Real average hourly earnings increased 0.8 percent, seasonally adjusted, from November 2015 to November 2016. This increase in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period.
Posted: December 15, 2016 Thursday 08:30 AM