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Real Average Hourly Earnings increased 0.1% in December
Real average hourly earnings for all employees increased 0.1 percent from November to December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.4 percent increase in average hourly earnings combined with a 0.3-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased 0.1 percent over the month due to the increase in real average hourly earnings combined with no change in the average workweek.
Real average hourly earnings increased 0.8 percent, seasonally adjusted, from December 2015 to December 2016. This increase in real average hourly earnings combined with a 0.6-percent decrease in the average workweek resulted in a 0.2-percent increase in real average weekly earnings over this period.
Posted: January 18, 2017 Wednesday 08:30 AM