U.S. weekly earnings decline 0.5% in February

Market news

16 March 2016

U.S. weekly earnings decline 0.5% in February

The U.S. Labor Department released its real earnings data on Wednesday. Average weekly earnings declined 0.5% in February, after a 0.7% increase in January.

Average hourly earnings were flat in February, after a 0.5% rise in January.

On a yearly basis, real average weekly earnings increased 0.6% in February, while hourly earnings rose 1.2%.

U.S.: Crude Oil Inventories, March 1.317

Foreign exchange market. European session: the U.S. dollar traded higher against the most major currencies after the release of the mixed U.S. economic data

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