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Real Average Hourly Earnings rose 0.5% in May
Real average hourly earnings for all employees rose 0.5 percent from April to May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This increase stems from a 0.3 percent increase in average hourly earnings and a 0.2 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings rose 0.8 percent over the month, as a result of a 0.3 percent increase in the average work week combined with the increase in real average hourly earnings. Since reaching a recent low in October 2009, real average weekly earnings have risen 2.1 percent.
Real average hourly earnings was unchanged, seasonally adjusted, from May 2009 to May 2010. A 0.9 percent increase in average weekly hours, combined with the unchanged real average hourly earnings resulted in an 0.9 percent increase in real average weekly earnings during this period.
Posted: June 17, 2010 Thursday 08:30 AM