Terri
01-17-2003, 08:32 AM
GOPUSA News
January 17, 2003
WASHINGTON (GOPUSA News) -- A combination of favorable and unfavorable factors left real earnings and inflation virtually flat for the month of December, with the consumer price index rising just one tenth of one percent for the second month in a row.
The increase in the CPI was matched by a net no-change in real earnings for December.
According to the Department of Labor Bureau of Statistics, a 0.3 percent increase in average hourly earnings was entirely offset by the 0.1 percent increase in the CPI and a 0.3 percent decline in average weekly hours worked for December.
For the year running from December 2001 to December 2002, average weekly earnings rose by 3.0 percent. After deflation by changes in the consumer price index, average weekly earnings rose just one half of one percent in constant dollars adjusted for inflation. For December, average weekly earnings stood at $517.72, up from $502.58 in 2001.
Full Story (http://gopusa.com/news/2003/january/0117_economic_data.s html)
January 17, 2003
WASHINGTON (GOPUSA News) -- A combination of favorable and unfavorable factors left real earnings and inflation virtually flat for the month of December, with the consumer price index rising just one tenth of one percent for the second month in a row.
The increase in the CPI was matched by a net no-change in real earnings for December.
According to the Department of Labor Bureau of Statistics, a 0.3 percent increase in average hourly earnings was entirely offset by the 0.1 percent increase in the CPI and a 0.3 percent decline in average weekly hours worked for December.
For the year running from December 2001 to December 2002, average weekly earnings rose by 3.0 percent. After deflation by changes in the consumer price index, average weekly earnings rose just one half of one percent in constant dollars adjusted for inflation. For December, average weekly earnings stood at $517.72, up from $502.58 in 2001.
Full Story (http://gopusa.com/news/2003/january/0117_economic_data.s html)