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December 03, 2004
Wage Growth Slows
Average hourly earnings were up by 1 cent in November to $15.83, seasonally adjusted, following a 4-cent gain in October, according to the Bureau of Labor Statistics.

Average weekly earnings decreased by 0.2 percent over the month to $533.47. Over the year, average hourly earnings increased by 2.4 percent, and average weekly earnings grew by 2.1 percent.

The average workweek decreased by 0.1 hour in November to 33.7 hours, seasonally adjusted. The manufacturing workweek also declined by 0.1 hour, to 40.5 hours. Manufacturing overtime was unchanged over the month at 4.5 hours.

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