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Investing January 18, 2006
December Earnings Little Changed from November
January 18, 2006 (PLANSPONSOR.com) - Real average
weekly earnings increased just 0.1% from November to December
2005, according to the Department of Labor's Bureau of Labor
Statistics (BLS).
Reported by Rebecca Moore
In its news release, the BLS said a 0.3% decline in average weekly hours was offset by a 0.3% rise in average hourly earnings and a 0.1% decline in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Before adjustment for seasonal change and inflation, average weekly earnings were $551.67 in December 2005, compared with $536.74 in December 2004.
With deflation by the CPI-W factored in, average weekly earnings decreased by 0.4%.
The BLS news release is here .