US Real Average Weekly Earnings YoY declined 0.3% in February.
This continues the downward trend that began in 2015. And nominal hourly warnings for NFP Production % NonSupervisory workers continues to be the worst wage recovery after a recession since 1965.
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Let’s see what The Fed’s Open Market Committee does this afternoon.
“I do solemnly swear that I will ignore declining real weekly earnings when deciding to raise rates today.”
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