According to the U.S. Department of Labor, the consumer price index (CPI) was flat in November on a seasonally adjusted basis. The core CPI, which excludes food and energy costs, rose 0.2%. Economists surveyed by MarketWatch had predicted that both the main CPI and the core rate would rise by 0.1%.
Consumer prices have risen by 1.2% over the past 12 months; the core CPI has risen 1.7% during the same period. Real hourly wages increased by 0.2% in November to $10.33 and have risen 0.9% in the past 12 months.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.