Wednesday, September 19, 2007

Average Hourly Earnings Up 4% in August

Average hourly earnings were up 3.9% from August 2006 to $17.39 last month, according to the Bureau of Labor Statistics. The figure was slightly under July's $17.43. Average weekly earnings in August were up 3.6% year to year to $591.26.
The BLS's Consumer Price Index for August was up 2.0% from August of last year to 207.9 (1982-1984 = 100). Housing prices were up 2.9% year to year, and virtually flat with July figures.

1 comment:

Andrew H said...

This feels encouraging given the fact that over the longer term, wages have lagged GDP growth.