US Jobless Claims Fall To Lowest Since 1969, But Hourly Earnings Still Below 2009 Levels

This is a syndicated repost courtesy of Confounded Interest . To view original, click here. Reposted with permission.

Apparatchiks rejoice! Hourly wage growth remain below 2009 levels even though jobless claims in the US have fallen to 1969 levels!


Stated differently, jobless claims are back to President Richard Nixon levels and hourly earnings growth is only back to the beginning of President Barack Obama’s term as President.

Somehow, I don’t think Nixon’s campaign attempts would go over well in the 2000s.




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