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Real Average Hourly Earnings rose 0.1% in May
Real average hourly earnings for all employees rose 0.1 percent from April to May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This change stemmed from a 0.3 percent increase in average hourly earnings, partially offset by a 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings rose 0.1 percent over the month, as a result of the increase in real average hourly earnings combined with the unchanged average workweek. Since reaching a recent peak in October 2010, real average weekly earnings have fallen by 1.4 percent.
Real average hourly earnings fell 1.6 percent, seasonally adjusted, from May 2010 to May 2011. A 0.6 percent increase in average weekly hours combined with the decrease in real average hourly earnings resulted in a 1.0 percent decrease in real average weekly earnings during this period.
Posted: June 15, 2011 Wednesday 08:30 AM