Economy

Yonnie3

(18,264 posts)

2. Real Earnings Summary down 0.1% for October

Reply to mahatmakanejeeves (Original post)

Thu Nov 10, 2022, 09:04 AM

Nov 2022

https://www.bls.gov/news.release/realer.nr0.htm

REAL EARNINGS – OCTOBER 2022

All employees

Real average hourly earnings for all employees decreased 0.1 percent from September to October,
seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an
increase of 0.4 percent in average hourly earnings combined with an increase of 0.4 percent in the
Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings decreased 0.1 percent over the month due to the change in real average
hourly earnings combined with no change in the average workweek.

Real average hourly earnings decreased 2.8 percent, seasonally adjusted, from October 2021 to October 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.7-percent decrease in real average weekly earnings over this period.
-----snip-----

Earnings, as always, aren't keeping up with inflation.

Dow futures popped up 800 points at the CPI news

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October CPI: Inflation moderates, rising at annual 7.7% over last year [View all] mahatmakanejeeves Nov 2022 OP

This message was self-deleted by its author mahatmakanejeeves Nov 2022 #1

Real Earnings Summary down 0.1% for October Yonnie3 Nov 2022 #2

From the source, the U.S. Bureau of Labor Statistics: mahatmakanejeeves Nov 2022 #3

A couple CPI links and real average hourly earnings link... progree Nov 2022 #4