July 2008


American real average weekly rose slightly by 0.3 percent from May 2008 to June 2008 to $606.94 after seasonal adjustment, according to data released by the U.S. Department of Labor. Over the past 12 months, weekly earnings rose by 2.8 percent.

The American median existing-home price for all housing types was $215,100 in June, down 6.1 percent from a year ago when the median was $229,000. American existing-home sales – including single-family, townhouses, condominiums and co-ops – fell 2.6 percent to a seasonally adjusted annual rate of 4.86 million units, 15.5 percent lower than the rate in June 2007.

The Report shows that although America is one of the richest nations in the world, it is woefully behind when it comes to providing opportunity and choices to all Americans to build a better life. The report further breaks down its findings into the USA’s 436 Congressional districts.