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View All NewsReal earnings rise 0.6% in August
September 16, 2008
Real average weekly earnings rose 0.6% in August from July, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. The increase stemmed from a 0.4% increase in average hourly earnings combined with a 0.2% decrease in the consumer price index for urban wage earners and clerical workers.
Average weekly earnings were $611.90 in August before seasonal adjustment and inflation, compared with $592.28 a year earlier.