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Earnings Get Real

Wage growth has finally picked up a bit the U.S. But are our earnings growing…

  • December 29, 2018

Wage growth has finally picked up a bit the U.S. But are our earnings growing fast enough to stay ahead of inflation? For the answer we need to look at “real” (inflation-adjusted) earnings.

Real average hourly earnings for all employees increased 0.3 percent from October to November, the U.S. Bureau of Labor Statistics reports.

This result stems from a 0.2-percent increase in average hourly earnings combined with no change in the Consumer Price Index for All Urban Consumers.

Real average weekly earnings decreased 0.1 percent over the month due to a 0.3-percent decrease in the average workweek offsetting the increase in real average hourly earnings.

Real average hourly earnings increased 0.8 percent, seasonally adjusted, from November 2017 to November 2018.

The change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period.

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