Unemployment numbers continue to look bad, as the Department of Labor yesterday reported that unemployment insurance claims rose slightly last week. For those people who do have jobs, real wages have gone up, according to the Bureau of Labor Statistics. Real average hourly earnings went up 0.5 percent (seasonally adjusted) from April to May, while real average weekly hours rose 0.8 percent. One key factor: the Consumer Price Index declined 0.2 percent.
Here's a look at the trend in real wages over the last year:
Read the report from the BLS here.
Posted
06-18-2010 2:54 AM
by
Graham Griffith
Filed under: jobs, unemployment, CPI, consumer price index, bureau of labor statistics, department of labor, wages, jobless recovery, unemployment insurance, government statistics, real weekly wages, real wages, real hourly wages