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Real Average Hourly Earnings fell 0.2% in August
Real average hourly earnings fell 0.2 percent from July to August, seasonally adjusted, the Bureau of Labor Statistics reported today. This decline stemmed from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), up by 0.6 percent, outpacing 0.3 percent growth in average hourly earnings for production and nonsupervisory workers.
Real average weekly earnings fell 0.2 percent over the month, as a result of the decrease in real average hourly earnings and no change in the average work week. Since reaching a recent high point in December 2008, real average weekly earnings have fallen by 1.5 percent.
Real average hourly earnings grew 4.5 percent, seasonally adjusted, from August 2008 to August 2009. A 1.8 percent decline in average weekly hours partly offset the increase in real average hourly earnings and resulted in a 2.7 percent increase in real average weekly earnings during this period.
Posted: September 16, 2009 Wednesday 08:30 AM