Average Hourly Earnings Fell 0.2% in October 2012

November 15th, 2012
in econ_news, syndication

Month-over-Month Percent Change in Real Average Hourly Earnings for all Employees

Follow up:

Real average hourly earnings for all employees fell 0.2 percent from September to October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Average hourly earnings were about unchanged, while the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent.

Real average weekly earnings fell 0.2 percent over the month due to the decrease in real average hourly earnings combined with an unchanged average workweek. Since reaching a peak in October 2010, real average weekly earnings has fallen 1.8 percent.

Real average hourly earnings fell 0.7 percent, seasonally adjusted, from October 2011 to October 2012. The decrease in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.6 percent decrease in real average weekly earnings over this period.


Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees fell 0.1 percent from September to October, seasonally adjusted. This change resulted from a 0.1 percent decrease in the average hourly earnings combined with a 0.1 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Real average weekly earnings fell 0.5 percent over the month. Since reaching a peak in October 2010, real average weekly earnings for production and nonsupervisory employees has fallen 2.9 percent.

Real average hourly earnings fell 1.0 percent, seasonally adjusted, from October 2011 to October 2012. The decline in real average hourly earnings, combined with a 0.3 percent decrease in the average workweek, resulted in a 1.4 percent decrease in real average weekly earnings over this period.

Read the source document from the BLS

 

 

 

 









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved