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Real Average Hourly Earnings fell 0.1% in September
Real average hourly earnings for all employees fell 0.1 percent from August to September, 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 a result of an unchanged average work week combined with the decline in real average hourly earnings. Since reaching a recent low in October 2009, real average weekly earnings have risen 2.0 percent.
Real average hourly earnings rose 0.5 percent, seasonally adjusted, from September 2009 to September 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: October 15, 2010 Friday 08:30 AM