Sun, Jul 3rd, 2022 - 12:30pm
June 10, 2022 - 10:08am | By Kyle Cornell
(Washington, DC) -- Americans are taking home a little less money from their jobs.
Real average hourly earnings fell by zero-point-six percent from April to May. Between May of last year and May of this year, average hourly earnings fell by two-and-a-half percent.
The figure was revealed as part of an economic data release which included the May Consumer Price Index report. It said prices have risen eight-point-six percent over the last year. That's the largest year over year increase since December 1981.