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Raises Aren’t Big Enough

Do you feel like you aren’t earning enough to keep up with rising expenses? Some…

  • November 1, 2018

Do you feel like you aren’t earning enough to keep up with rising expenses? Some new figures from the Labor Department show that your feelings are justified.

Real average hourly earnings for all employees increased 0.3 percent from August to September, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.

This result stems from a 0.3-percent increase in average hourly earnings combined with a 0.1-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

In other words, real wages reflect what we earn, with inflation factored in. As you can see the average American is barely keeping up.

Real average hourly earnings increased 0.5 percent, seasonally adjusted, from September 2017 to September 2018.

The change in real average hourly earnings combined with the 0.6-percent increase in the average workweek resulted in a 1.1-percent increase in real average weekly earnings over this period.

 

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