Average earnings up and down
Real average hourly earnings in the U.S. fell 0.5 percent from October to November, seasonally adjusted, the Bureau of Labor Statistics reports. A 0.5 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) more than offset a 0.1 percent increase in average hourly earnings for production and non-supervisory workers.
Real average weekly earnings rose 0.1 percent over the month. A decline in real average hourly earnings was more than offset by a 0.6 percent increase in the average workweek. Since reaching a recent high point in Dec. 2008, real average weekly earnings have fallen by 1.7 percent.
Real average hourly earnings fell 0.1 percent, seasonally adjusted, from Nov. 2008 to Nov. 2009. A 0.6 percent decline in average weekly hours combined with the decrease in real average hourly earnings resulted in a 0.7 percent decrease 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
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Mississippi Film Studios signs contract with New Orleans company
- MDOT cutting more than 40 jobs in Right-of-Way Division
- Granddaughter of Barq's Root Beer founder dies at 90
- Turner Grain’s transition will help consolidate lawsuits alleging breach of contract
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Board authorizes sale of company that owns Silver Slipper Casino
- JRA plans image makeover, hires crisis manager