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View All NewsReal average weekly earnings fall by 0.4%
June 13, 2008
Real average weekly earnings fell by 0.4% month-over-month in May, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. A 0.3% increase in average hourly earnings partially offset a 0.7% increase in the consumer price index for urban wage earners and clerical workers.
Average weekly earnings were $601.10 in May before seasonal adjustment and inflation, compared with $583.01 a year earlier.