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December 17, 2003
Real Earnings Edge Up

Real average weekly earnings increased by 0.6 percent from October to November after seasonal adjustment, according to the Bureau of Labor Statistics of the U.S. Department of Labor.

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This was due to a 0.1 percent increase in average hourly earnings, a 0.3 percent rise in average weekly hours, and a 0.3 percent decrease in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Average weekly earnings rose by 2.4 percent, seasonally adjusted, from November 2002 to November 2003. After deflation by the CPI-W, average weekly earnings increased by 0.8 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $527.34 in November 2003, compared with $510.89 a year earlier.

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