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Real Average Hourly Earnings rose 0.2% in June
Real average hourly earnings for all employees rose 0.2 percent from May to June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This change stemmed from a 0.2 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U), while average hourly earnings remained unchanged.
Real average weekly earnings fell 0.1 percent over the month, as a result of the increase in real average hourly earnings combined with a 0.3 percent decrease in average weekly hours. Since reaching a recent peak in October 2010, real average weekly earnings have fallen 1.4 percent.
Real average hourly earnings fell 1.5 percent, seasonally adjusted, from June 2010 to June 2011. A 0.6 percent increase in average weekly hours combined with the decrease in real average hourly earnings resulted in a 0.9 percent decrease in real average weekly earnings during this period.
Posted: July 15, 2011 Friday 08:30 AM