State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
October 14, 2005
Big Drop in Wages

Inflation-adjusted average weekly earnings fell by 1.2 percent from August to September after seasonal adjustment, according to the Bureau of Labor Statistics of the U.S. Department of Labor.

This decline stemmed from a 1.4 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which was partially offset by a 0.2 percent increase in average hourly earnings. Average weekly hours were unchanged.

Average weekly earnings rose by 2.3 percent, seasonally adjusted, from September 2004 to September 2005. After deflation by the CPI-W, average weekly earnings decreased by 2.7 percent.

Before adjustment for seasonal change and inflation, average weekly earnings were $548.24 in September 2005, compared with $530.54 a year earlier.

In September, the Consumer Price Index for All Urban Consumers increased 1.2 percent. Energy costs increased sharply and accounted for over 90 percent of the advance in the CPI-U.

The Associated Press reports that consumer prices jumped by the biggest margin in more than 25 years.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB06
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Consumer-Price-Index-CPI/Big-Drop-in-Wages/