Monday, April 28, 2008

Weekly Earnings

Economic news of late has generally not been good, particularly in real estate. A new release by the Bureau of Labor statistics indicates that average weekly earnings in March 2008 was $607.49, up 4.3% from a year ago. Unfortunately inflation ate up much of that gain and the increase in earnings adjusted for the consumer price index was only .3%. A careful look at the report reveals that the increase in earnings was largely located in the Natural Resources and Mining Industry. The gains in those industries were offset by declines in Retail Trade.

Tune back in tomorrow for a profile of the people in poverty.

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