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
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Mississippi Film Studios signs contract with New Orleans company
- Mars Food expanding Delta plant; investing $31M and adding jobs
- State renews battle over water use with city of Memphis
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Biloxi baseball project still alive but may be held for 2015