Research >> Economics
Real Average Hourly Earnings increased 0.1% in October
Real average hourly earnings for all employees increased 0.1 percent from September to October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.4-percent increase in average hourly earnings being nearly offset by a 0.4-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings were about unchanged over the month due to the increase in real average hourly earnings combined with no change to the average workweek.
Real average hourly earnings increased 1.2 percent, seasonally adjusted, from October 2015 to October 2016. This increase in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over this period.
Posted: November 17, 2016 Thursday 08:30 AM