Average hourly earnings are computed each month by the Bureau of Labor Statis- tics using payroll data

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Average hourly earnings are computed each month by the Bureau of Labor Statis- tics using payroll data from commercial establishments. The Bureau figures the total wages paid out (to nonsupervisory personnel), and divides by the total hours worked. During recessions, average hourly earnings typically go up. When the re- cession ends, average hourly earnings often start going down. How can this be? p-968

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Statistics

ISBN: 9780393522105

4th Edition

Authors: David Freedman, Robert Pisani, Roger Purves

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