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.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
