Average earnings remained flat last year
Real average hourly earnings was unchanged from Dec. 2009 to Jan. 2010, seasonally adjusted, the Bureau of Labor Statistics reports. A 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U) was offset by a 0.2 percent increase in average hourly earnings for all employees.
Real average weekly earnings grew 0.3 percent over the month, as a result of a 0.3 percent increase in the average workweek and no change in real average hourly earnings. Over the past six months, real average weekly earnings are essentially unchanged.
Real average hourly earnings fell 0.6 percent, seasonally adjusted, from Jan. 2009 to Jan. 2010.
A 0.9 percent decline in average weekly hours combined with the decrease in real average hourly earnings resulted in a 1.5 percent decrease in real average weekly earnings during this period.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- George’s Girls put shopping skills to work
- Justice Department files complaint against tax preparer
- DMR pays accounting firm more than double contract's worth
- Following ruling, Entergy to hand over records to county
- Report: State's emergency care ranks highest in Southeast
- Boyd Gaming reports drop in in-state net revenue
- Union-restricting legislation moves forward
- Chris McDaniel gets a thank you note from Travis Childers
- Nehi Bottling Company has been a Cleveland fixture for 85 years