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Real average hourly earnings for all employees rose 0.3 percent in October from September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. The BLS said a 0.2 percent increase in average hourly earnings and a 0.1 percent decline in the consumer price index for all urban consumers contributed to the increase in real earnings.
On a weekly basis, real average earnings rose 0.3 percent over the month, due to the increase in the real average hourly earnings and unchanged average workweek.
Year-over-year, real average hourly earnings fell by 1.6 percent, seasonally adjusted, in October.