Home » NEWS » Hourly earnings take a hit

Hourly earnings take a hit

Real average hourly earnings fell 0.1 percent from August to September, seasonally adjusted, the Bureau of Labor Statistics reports. 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 Dec. 2008, real average weekly earnings have fallen by 1.9 percent.

Real average hourly earnings grew 4.4 percent, seasonally adjusted, from Sept. 2008 to Sept. 2009. A 1.8 percent decline in average weekly hours partly offset the increase in real average hourly earnings and resulted in a 2.5 percent increase in real average weekly earnings during this period.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Wally Northway

Leave a Reply

Your email address will not be published. Required fields are marked *

*