Real earnings decrease
Real average hourly earnings fell 0.2 percent from July to August, seasonally adjusted, according to the Bureau of Labor Statistics. This decline stemmed from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), up by 0.6 percent, outpacing 0.3 percent growth in average hourly earnings for production and non-supervisory workers.
Real average weekly earnings fell 0.2 percent over the month, as a result of the decrease in real average hourly earnings and no change in the average work week. Since reaching a recent high point in Dec. 2008, real average weekly earnings have fallen by 1.5 percent.
Real average hourly earnings grew 4.5 percent, seasonally adjusted, from Aug. 2008 to Aug. 2009. A 1.8 percent decline in average weekly hours partly offset the increase in real average hourly earnings and resulted in a 2.7 percent increase in real average weekly earnings during this period.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Outside group files arguments supporting McDaniel
- Court rules board can discipline West Virginia radiologist
- DAVID DALLAS: Mississippi's in'adequate' public schools
- MDEQ fines metalworking firm over hazardous waste
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- C Spire now offering new Blast Motion technology for athletes
- Mississippi no longer has highest unemployment rate in nation
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Grain buyer’s bankruptcy could take steep toll on Delta farmers