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Real Average Hourly Earnings unchanged% in January
Real average hourly earnings for all employees was unchanged from December 2011 to January 2012, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. A 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U) offset a 0.2 percent increase in the average hourly earnings.
Real average weekly earnings was unchanged over the month, as a result of both the real average hourly earnings and the average workweek remaining unchanged. Since reaching a peak in October 2010, real average weekly earnings has fallen 0.9 percent.
Real average hourly earnings fell 1.0 percent, seasonally adjusted, from January 2011 to January 2012. A 0.6 percent increase in the average workweek, combined with the decline in real average hourly earnings, resulted in a 0.4 percent decrease in real average weekly earnings during the same period.
Posted: February 17, 2012 Friday 08:30 AM