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Real Average Hourly Earnings rose 0.1% in June
Real average hourly earnings for all employees rose 0.1 percent from May to June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This increase stems from a 0.1 percent decrease 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 fell 0.2 percent over the month, as a result of a 0.3 percent decrease in the average work week combined with the increase in real average hourly earnings. Since reaching a recent low in October 2009, real average weekly earnings have risen 1.7 percent.
Real average hourly earnings rose 0.6 percent, seasonally adjusted, from June 2009 to June 2010. A 0.9 percent increase in average weekly hours, combined with the increase in real average hourly earnings resulted in an 1.5 percent increase in real average weekly earnings during this period.
Posted: July 16, 2010 Friday 08:30 AM