"Real average hourly earnings for all employees increased 0.5 percent from November to December, seasonally adjusted," the U.S. Bureau of Labor Statistics announced today.
Key takeaways from the press release
- This result stems from a 0.4-percent increase in average hourly earnings combined with a 0.1-percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U).
- Real average weekly earnings increased 0.7 percent over the month due to the change in real average hourly earnings combined with a 0.3-percent increase in the average workweek.
- Real average hourly earnings increased 1.1 percent, seasonally adjusted, from December 2017 to December 2018.
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