Thursday, October 15, 2009

Real Average Weekly Earnings Fall

Real average hourly earnings fell 0.1 percent from August to September, seasonally adjusted, the Bureauof Labor Statistics reported today.

This decline stemmed from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), up by 0.2 percent, outpacing 0.1 percent growth in average hourly earnings for production and nonsupervisory workers.
Real average weekly earnings fell 0.4 percent over the month, as a result of the decrease in real average hourly earnings and a 0.3 percent decrease in the average work week. Since reaching a recent high point in December 2008, real average weekly earnings have fallen by 1.9 percent.
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