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!

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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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