The Bureau of Labor Statistics of the US Department of Labor said the hike stemmed from a 0.5% increase in average hourly earnings and a 0.1% uptick in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours were unchanged.
Average weekly earnings rose by 2.9%, seasonally adjusted, from October 2004 to October 2005, according to the data.
With deflation factored in, average weekly earnings decreased by 1.6%. Before adjustment for seasonal change and inflation, average weekly earnings were $555.56 in October 2005, compared with $534.72 a year earlier.
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