Real average weekly earnings, October 2008
November 28, 2008
Real average weekly earnings rose by 1.4 percent from September to October after seasonal adjustment.
This increase stemmed from a 0.2-percent increase in average hourly earnings combined with a 1.2-percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours were unchanged.
Average weekly earnings rose by 2.9 percent, seasonally adjusted, from October 2007 to October 2008. After deflation by the CPI-W, average weekly earnings decreased by 0.9 percent.
These earnings data are from the Current Employment Statistics Program. These data are for production and nonsupervisory workers in private nonfarm establishments. Earnings data are preliminary and subject to revision. Find out more in "Real Earnings in October 2008," (PDF) (HTML) news release USDL 08-1714.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Real average weekly earnings, October 2008 on the Internet at http://www.bls.gov/opub/ted/2008/nov/wk4/art04.htm (visited June 30, 2016).