Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Tuesday, July 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Wage Cut for Average Joe

(CN) - As Wall Street heralds a return to million-dollar bonuses, the working man suffered the insult of a drop in average wages added to the injury of a 10% unemployment rate. The U.S. Bureau of Labor Statistics says average hourly earnings fell 0.5 percent from October to November 2009.

The drop is tied to a 0.5 percent increase in consumer prices in urban areas.Over the year, the year real average hourly earnings decreased 0.1 percent.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...