Investing July 31, 2007
Real Average Earnings Inched Up in June
July 31, 2007 (PLANSPONSOR.com) - Real average
weekly earnings rose by 0.5% in June, according to
preliminary data from the Bureau of Labor Statistics of the
U.S. Department of Labor.
Reported by Adrien Martin
The 0.3% increases in both average weekly hours and average hourly earnings were partially offset by a 0.1% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Average weekly earnings rose by 3.9% percent from June 2006 to June 2007. After deflation by the CPI-W, average weekly earnings increased by 1.3%.
Average weekly earnings were $587.86 in June 2007, compared with $565.42 a year earlier.
For more information and a breakdown by industry go here.
« Survey: Short-term Relocation Assignments Outpace Long-term