US: Real average hourly earnings decreased 0.1% from September to October

"Real average hourly earnings for all employees decreased 0.1 percent from September to October, seasonally adjusted," the U.S. Bureau of Labor Statistics announced today and added: "This result stems from a  0.2-percent increase in average hourly earnings combined with a 0.3-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U)."

Key quotes

• Real average weekly earnings increased 0.1 percent over the month due to the decrease in real average hourly earnings being combined with a 0.3-percent increase in the average workweek.
• Real average hourly earnings increased 0.7 percent, seasonally adjusted, from October 2017 to October 2018. 
  • The change in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over this period.