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December 14 2007
Real average weekly earnings fell 0.4% in November from October, according to preliminary, seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Earnings were hit by a 0.9% increase in the consumer price index for urban wager earners and clerical workers despite a 0.5% increase in average hourly earnings.
Average weekly earnings were $595.89 in November before seasonal adjustment and inflation, compared with $574.26 in November 2006. Data on average weekly earnings are taken from nonfarm payrolls.