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Real Average Hourly Earnings rose 0.2% in December
Real average hourly earnings for all employees rose 0.2 percent from November to December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This change stems from a 0.2 percent increase in average hourly earnings, while the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged.
Real average weekly earnings rose 0.5 percent over the month, as a result of the increase in real average hourly earnings and a 0.3 percent rise in the average workweek. Since reaching a peak in October 2010, real average weekly earnings have fallen 1.1 percent.
Real average hourly earnings fell 0.9 percent, seasonally adjusted, from December 2010 to December 2011. A 0.6 percent increase in the average workweek, combined with the decline in real average hourly earnings, resulted in a 0.3 percent decrease in real average weekly earnings during the same period.
Posted: January 19, 2012 Thursday 08:30 AM