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Real Average Hourly Earnings fell 0.1% in November
Real average hourly earnings for all employees fell 0.1 percent from October to November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stems from a 0.1 percent decrease in average hourly earnings, while in the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged.
Real average weekly earnings fell 0.1 percent over the month, as a result of the decrease in real average hourly earnings combined with the unchanged average workweek. Since reaching a peak in October 2010, real average weekly earnings have fallen 1.7 percent.
Real average hourly earnings fell 1.5 percent, seasonally adjusted, from November 2010 to November 2011. A 0.3 percent increase in the average workweek, combined with the decline in real average hourly earnings, resulted in a 1.2 percent decrease in real average weekly earnings during the same period.
Posted: December 16, 2011 Friday 08:30 AM