• U.S. Workers Made No Gain in Real Pay in 12 Months Ended – November 2012

---

Change From October: Hourly Earnings: Real* average hourly earnings for all employees rose 0.5 percent from October to November. This change resulted from a 0.2 percent increase in average hourly earnings combined with a 0.3 percent decline in the Consumer Price Index for All Urban Consumers (CPI-U). Weekly Earnings: Real average weekly earnings increased 0.5 percent over the month due to the increase in real average hourly earnings combined with an unchanged average workweek. Since reaching a peak in June 2012, real average weekly earnings has fallen 0.8 percent. Change From November 2011: Hourly Earnings: Real average hourly earnings were unchanged, seasonally adjusted, from November 2011 to November 2012. as an increase of 1.7% in wages was offset by a 1.7% increase in the CPI-U. Weekly Earnings: The unchanged real average hourly earnings, combined with an unchanged average workweek, similarly resulted in no change in real average weekly earnings over this period. Source: USDOL-BLS *Note: Real earnings show the effect of inflation on your pay. If your salary went up by 2.1% over the year while the cost-of-living (CPI-U) rose 2.3%, then the “real” value of your salary fell by 0.2% [differences in some of the data are due to rounding and seasonal adjustment]. The figures reported here are earnings for all employees on private nonfarm payrolls, seasonally adjusted.

---