November 2008 Real Earnings — 2008-12-16

Real average weekly earnings rose by 2.3 percent from October to November after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. This gain stemmed from a 0.4 percent increase in average hourly earnings and a 2.1 percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). A 0.3 percent decrease in average weekly hours partially offset these positive influences. 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 2.8 percent, seasonally adjusted, from November 2007 to November 2008. After deflation by the CPI-W, average weekly earnings increased by 2.2 percent.