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Mix-Ansicht- Real average weekly earnings decreased by 0.4 percent - CRASH_GURU, 15.06.2004, 18:23
Real average weekly earnings decreased by 0.4 percent
-->REAL EARNINGS IN MAY 2004
Real average weekly earnings decreased by 0.4 percent from April to May
after seasonal adjustment, according to preliminary data released today by the
Bureau of Labor Statistics of the U.S. Department of Labor. A 0.3 percent
increase in average hourly earnings was more than offset by a 0.7 percent rise
in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Average weekly hours were unchanged.
Data on average weekly earnings are collected from the payroll reports of
private nonfarm establishments. Earnings of both full-time and part-time
workers holding production or nonsupervisory jobs are included. Real average
weekly earnings are calculated by adjusting earnings in current dollars for
changes in the CPI-W.
Average weekly earnings rose by 2.5 percent, seasonally adjusted, from May
2003 to May 2004. After deflation by the CPI-W, average weekly earnings
declined by 0.5 percent. Before adjustment for seasonal change and inflation,
average weekly earnings were $531.76 in May 2004, compared with $513.07 a year
earlier.
_____________________________
Real Earnings for June 2004 will be released on Friday, July 16, 2004.
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