manufacturing

Workers' Earnings Continue Decline

April 20, 2005 - The Bureau of Labor Statistics reports today that real average weekly earnings dropped 0.3 percent in March. This was the second month of decline -- real earnings dropped .3% in February as well -- putting the annual rate of decline at 3.6%. As the BLS notes, "A 0.3 percent increase in average hourly earnings was more than offset by a 0.6 percent increase in the Consumer Price Index."