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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Brandon man hauls in record 756-pound alligator
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Woman found guilty of murder in buttocks injection case
- Is cotton looking too good? Farmers facing weaker prices
- MBJ Special report: MDA numbers help with cities’ retail pitches
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- COO of TL Wallace Construction keeps eye on revenue growth and profits