Real Earnings Decline

Real average weekly earnings fell by 0.5 percent from July to August after seasonal adjustment, according to preliminary data released recently by the Bureau of Labor Statistics of the U.S. Department of Labor.

A 0.1 percent increase in average hourly earnings was more than offset by a 0.6 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours were unchanged.

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