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August 16, 2005
Wages Slip on Rising Consumer Prices

Average weekly earnings fell by 0.2 percent from June to July after adjustment for changes in consumer prices, according to the Bureau of Labor Statistics of the U.S. Department of Labor.

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A 0.4 percent increase in average hourly earnings was more than offset by a 0.6 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average weekly hours were unchanged.

Average weekly earnings rose by 2.7 percent, seasonally adjusted, from July 2004 to July 2005. After deflation by the CPI-W, average weekly earnings decreased by 0.5 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $541.81 in July 2005, compared with $528.50 a year earlier.

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