U.S. weekly earnings rise 0.7% in January

Market news

19 February 2016

U.S. weekly earnings rise 0.7% in January

The U.S. Labor Department released its real earnings data on Wednesday. Average weekly earnings rose 0.7% in January, after a 0.1% increase in December.

The increase was driven by rises in in average hourly earnings.

Average hourly earnings climbed 0.4% in January, after a 0.2% rise in December.

On a yearly basis, real average weekly earnings increased 1.2% in January, while hourly earnings rose 1.1%.

U.S. Stocks open: Dow -0.13%, Nasdaq -0.39%, S&P -0.29%

Before the bell: S&P futures -0.59%, NASDAQ futures -0.63%

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