• U.S. Workers’ “Real” Pay Is Not Increasing

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Hourly Earnings Change for Year: The average hourly pay in the U.S. in July 2012 was $23.52, up 1.7% from July 2011. However, after accounting for the effects of inflation, real average hourly earnings were $10.28 [1982 dollars] compared to $10.26 in the same month a year ago…a 0.2% increase. Weekly Earnings Change for Year: The average weekly pay in the U.S. in July 2012 was $811.44, up 2.0% from July 2011. However, after accounting for the effects of inflation, real weekly earnings were $354.77 [1982 dollars] compared to $352.82 in the same month a year ago…a 0.6% increase. SOURCE: USDOL-BLS