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Bureau of Labor Statistics Announces a Real Earnings Rate Decrease

by admin on June 20, 2013

Each month the Bureau of Labor Statistics calculates the average amount employees make per hour in the United States in order to determine if interest rates should be lowered or raised. The Labor Department has reported this week that in May the consumer price index went up 0.1 % after a 2 month decline. This increase, along with an unchanged hourly average work week has resulted in a drop in the real average hourly earnings for all employees by 0.2%.

 

For more on labor reports you can visit the Bureau of Labor Statistics website at www.bls.gov

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