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Real Average Hourly Earnings rose 0.1% in December
Real average hourly earnings for all employees rose 0.1 percent from November to December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2 percent decrease in average hourly earnings combined with a 0.4 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased by 0.2 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 by 1.0 percent, seasonally adjusted, from December 2013 to December 2014. This increase in real average hourly earnings, combined with a 0.9 percent increase in the average workweek, resulted in a 1.9 percent increase in real average weekly earnings over this period.
Posted: January 16, 2015 Friday 08:30 AM