Asset Based Loan

Real Earnings Fall in March

According to the Friday, April 13th 2012 release by the Bureau of Labor Statistics, “real average hourly earnings for all employees fell .1 % from March 2012 to April 2012, seasonally adjusted.

A .2 % increase in the average hourly earnings was more than offset by a .3% increase in the Consumer Price Index for all urban consumers (CPI-U).

Real average weekly earnings fell .4% over the month due to a .3 % decline in the workweek combined with a decline in real average hourly earnings.    Since reaching a peak in October 2010, real average weekly earnings fell 1.1%.

It was reported that real average hourly earnings fell .6%, seasonally adjusted, from March 2011 to March 2012.   The decline in real average hourly earnings combined with a .6% increase in average weekly hours resulted in unchanged real average weekly earnings over this period.