Research >> Economics
Real Average Hourly Earnings rose 0.2% in October
Real average hourly earnings for all employees rose 0.2 percent from September to October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.1 percent increase in average hourly earnings combined with a 0.1 percent decrease in the 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.
Real average hourly earnings rose 1.3 percent, seasonally adjusted, from October 2012 to October 2013. The increase in real average hourly earnings, combined with a 0.3 percent increase in the average workweek, resulted in a 1.5 percent increase in real average weekly earnings over this period.
Posted: November 20, 2013 Wednesday 08:30 AM