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Hourly wages up, weekly wages down in September

1 year 11 months ago
Along with CPI, we also got September readings for real wages today. Hourly wages were up slightly, but because hours worked dropped there was a fall in weekly wages: All employees in September (adjusted for inflation) Hourly: +2.2% (annualized) Weekly: -1.2% (annualized) Blue-collar workers in September (adjusted for inflation) Hourly: +1.2% (annualized) Weekly: +1.5% (annualized)
Kevin Drum