Real average hourly earnings for all employees rose 0.5 percent from October to November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.
This change resulted from a 0.2 percent increase in average hourly earnings combined with a 0.3 percent decline in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings increased 0.5 percent over the month due to the increase in real average hourly earnings combined with an unchanged average workweek. Since reaching a peak in June 2012, real average weekly earnings has fallen 0.8 percent.
Real average hourly earnings were unchanged, seasonally adjusted, from November 2011 to November 2012. The unchanged real average hourly earnings, combined with an unchanged average workweek, resulted in no change in real average weekly earnings over this period.
Read the full blown report -- Real Earnings
Original content Bob DeMarco, All American Investor