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Real Average Hourly Earnings fell 0.1% in November
Real average hourly earnings for all employees fell 0.1 percent from October to November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stems from a 0.1 percent increase 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 the average workweek remained unchanged and combined with the decline in real average hourly earnings. Over the past 6 months, real average weekly earnings has changed little.
Real average hourly earnings rose 0.6 percent, seasonally adjusted, from November 2009 to November 2010. A 1.2 percent increase in average weekly hours, combined with the increase in real average hourly earnings, resulted in a 1.7 percent increase in real average weekly earnings during this period.
Posted: December 15, 2010 Wednesday 08:30 AM