In other news, new data released Wednesday by the Bureau of Labor Statistics shows that the hourly and weekly pay of most US workers fell behind inflation in 2005. Real hourly wages declined .5 percent last year, with real weekly wages fell .4 percent. Economic Policy Institute Senior Economist Jared Bernstein commented: “The growing economy is showing up everywhere except where it’s needed most: in the paychecks of working families.”
Labor Dept.: Real Wages Saw 0.5% Decline in 2005
HeadlineJan 19, 2006