The 99%, the Non-Ceo Employment Sector, Got Stung Again in January

February 18, 2012

Hourly AND Weekly earnings rose in December. Real average weekly earnings fell 0.9 percent, seasonally adjusted, from January 2010 to January 2012.

Real average hourly earnings for all employees were flat  December to January, seasonally adjusted,  U.S. Bureau of Labor Statistics reported today.

A 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U) offset a 0.2 percent increase in the average hourly earnings. 

By the way how do US CEO salaries compare to the average worker and overseas CEO's? Click here for a shameful graph.

Real average hourly earnings fell 1.0 percent, seasonally adjusted, from January 2011 to January 2012. A 0.6 percent increase in the average workweek, combined with the decline in real average hourly earnings, resulted in a 0.4 percent decrease in real average weekly earnings during the same period. 

Real average weekly earnings was unchanged over the month, as a result of both the real average hourly earnings and the average workweek remaining unchanged. Since reaching a peak in October 2010, real average weekly earnings has fallen 0.9 percent. 

Click for a larger graph.

Source: US Department of Labor

News and Comment - No Job News