Economic Report:

Real hourly wages and weekly earnings continue to fall. According to the Economic Policy Institute, although job losses slowed in April, the picture of real wages has failed to improve. Real average weekly wages are down 1 percent since the same time last year. And real wages have been losing ground consistently over the past six years, even as worker productivity continues to rise. Wages are still trying to catch up with a consumer price spike in September of 2005.