ECONOMIC STATISTICS--DECEMBER, 2008:









 

 

                          

 

                                           REAL WEEKLY EARNINGS

  •         Real average weekly earnings for production and nonsupervisory employees increased by 0.6% seasonally adjusted, for the month of December, 2008 compared to average real weekly earnings in the month of November, 2008.   This increase ocurred because  of a 0.3% rise in average hourly earnings  coupled with a 0.9%   drop in the Consumer Price Index for Urban Wage Earners and Clerical Workers , which were partially offset  by a 0.6%   decrease in average weekly hours actually worked.

  •         On an annual basis,  average weekly earnings rose by 2.2% from December, 2007 to this month, on a seasonally adjusted basis. After deflation by the Consumer Price Index for Urban Wage Earners and Clerical Workers, those average weekly earnings increased by 2.9%. Before adjustment for seasonal change and inflation, average weekly earnings were US$611.72 this month, compared with US$605.28 in December, 2007.  (SOURCE:  U.S. Department of Labor, Bureau of Labor Statistics, Real Earnings News Release,  January 16, 2009; retrieved from:  https://www.bls.gov/news.release/archives/realer_01162009.htm  retrieved 3/7/207-GD). 

     

     

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