Media Contact: Karley Sweet | 312.553.4658 | ksweet@WorldBusinessChicago.com

U.S. Real Earnings Decreased 0.2% in October

November 15, 2012

This morning, the Bureau of Labor Statistics (BLS) released October 2012 figures for real earnings. This indicator reflects three components of consumer buying power: average hourly earnings, average weekly hours, and price inflation/deflation. Seasonally adjusted real average hourly earnings decreased 0.2 percent from September to October; this resulted from unchanged average hourly earnings that were weakened by a 0.1 percent increase in inflation (as measured by the Consumer Price Index).

The following chart illustrates the monthly percent change in real average hourly earnings. (Figures below reflect the earnings of all employees on private, non-farm payrolls).

The full press release can be found on the BLS website.

Events

Chicago Consular Corps Gala: A Tribute to Our Global Partners December 1, 2014

Chicago Sister Cities International and World Business Chicago once again host the annual Chicago Consular Corps Gala: A Tribute to Our Global Partners. The Honorable Penny Pritzker, U.S. Secretary of Commerce, will serve as the Gala’s keynote speaker.