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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%.
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