Workers earn less
Real average hourly earnings fell 0.1 percent from September to October, seasonally adjusted, the U.S. Bureau of Labor Statistics reports. A 0.3 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) slightly offset a 0.3 percent increase in average hourly earnings for production and non-supervisory workers.
Since reaching a recent high point in Dec. 2008, real average weekly earnings have fallen by 1.9 percent.
Real average hourly earnings grew 2.8 percent, seasonally adjusted, from Oct. 2008 to Oct. 2009.
A 1.5 percent decline in average weekly hours partly offset the increase in real average hourly earnings and resulted in a 1.2 percent increase in real average weekly earnings during this period.
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