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Real Average Hourly Earnings rose 0.2% in Jan
Real average hourly earnings for all employees rose 0.2 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. The increase in real average hourly earnings was due to a 0.2 percent increase in average hourly earnings combined with an unchanged Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings rose 0.1 percent over the month due to the increase in real average hourly earnings combined with an unchanged average workweek. Since a recent low in October 2012, real average weekly earnings has increased 1.3 percent.
Real average hourly earnings rose 0.6 percent, seasonally adjusted, from January 2012 to January 2013. The increase in real average hourly earnings, combined with a 0.3 percent decrease in the average workweek, resulted in a 0.3 percent increase in real average weekly earnings over this period.
Posted: February 21, 2013 Thursday 08:30 AM