Earnings Failed to Keep Up with Inflation Going Into 2020
Real average hourly earnings for all employees decreased 0.1 percent from November 2019 to December, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.
This result stems from an increase of 0.1 percent in average hourly earnings combined with an increase of 0.2 percent in the Consumer Price Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.1 percent over the month due to the change in real average hourly earnings combined with no change in the average workweek.
Real average hourly earnings increased 0.6 percent, seasonally adjusted, from December 2018 to December 2019.
The change in real average hourly earnings combined with a 0.6-percent decrease in the average workweek resulted in essentially no change in real average weekly earnings over this period.
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