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Real Average Hourly Earnings rose 0.2% in June
Real average hourly earnings for all employees rose 0.2 percent from May to June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This change resulted from a 0.3 percent increase in average hourly earnings combined with an unchanged Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings rose 0.5 percent over the month due to the increase in real average hourly earnings combined with a 0.3 percent increase in the average workweek. Since reaching a peak in October 2010, real average weekly earnings have fallen 0.5 percent.
Real average hourly earnings rose 0.3 percent, seasonally adjusted, from June 2011 to June 2012. The increase in real average hourly earnings combined with a 0.3 percent increase in the average workweek, resulted in a 0.6 percent increase in real average weekly earnings during this period.
Posted: July 17, 2012 Tuesday 08:30 AM