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Real average hourly earnings for all employees increased 1.0 percent, seasonally adjusted, from January 2024 to January 2025. The change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.7-percent increase in real average weekly earnings over this period.
read full article »How are you spending Valentine’s Day? While many are celebrating with that special someone, let’s not lose sight of where true love comes from: the heart! Cardiologists get a close up look at the heart all year round (including during Heart Healthy Month in February), and they are compensated handsomely for it. In May 2023, the annual mean wage for cardiologists was $423,250.
From January 2024 to January 2025, the Consumer Price Index for All Urban Consumers (CPI-U) increased 3.0 percent, after rising 2.9 percent over the 12 months ending December 2024.
Labor productivity in the nonfarm business sector increased 2.3 percent in 2024, following an increase of 1.6 percent in 2023 and a decrease of 1.5 percent in 2022. The rise in labor productivity in 2024 resulted from a 2.9-percent increase in output combined with a 0.6-percent increase in hours worked.