“Real average hourly earnings for all employees decreased 0.1 percent from September to October, seasonally adjusted,” the U.S. Bureau of Labor Statistics announced today and added: “This result stems from a 0.2-percent increase in average hourly earnings combined with a 0.3-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).”
Key quotes
- Real average weekly earnings increased 0.1 percent over the month due to the decrease in real average hourly earnings being combined with a 0.3-percent increase in the average workweek.
- Real average hourly earnings increased 0.7 percent, seasonally adjusted, from October 2017 to October 2018.
- The change in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over this period.
- The change in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over this period.
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