WASHINGTON — Real average hourly earnings for all employees was unchanged from July to August, seasonally adjusted, the U.S. Bureau of Labor Statistics reports. This result stems from a 0.3 percent increase in average hourly earnings, which was offset by a 0.3 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings were about unchanged over the month, as a result of no change in both the average work week and real average hourly earnings. Since reaching a recent low in Oct. 2009, real average weekly earnings have risen 2 percent.
Real average hourly earnings rose 0.5 percent, seasonally adjusted, from Aug. 2009 to Aug. 2010. A 1.2 percent increase in average weekly hours, combined with the increase in real average hourly earnings resulted in a 1.7 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