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Economic and and financial news and analysis

Average Earnings and Hours Continued Slightly Rising Trend In August

Average hourly earnings were up 1.8% y/y in August.  Average weekly earnings were up 2.1%.  Average hours worked were up 0.3%. The gain in weekly earnings appears to be largely due to slowly rising wage rates.   Salaried, commissioned, and “bonused” workers do not seem to have done significantly better than the hourly working stiffs…

Why Is The Fed Panicking? Real Retail Sales Up 3.5% Annually

What more does the Fed want? Retail Sales and Real Retail Sales ex Gasoline Updated September 14, 2012 Retail Sales rose by 0.9% from July to August and 4.7% annually, according to the Commerce Department’s Advance Retail Sales Report released today. Those are seasonally adjusted idealized estimates. Neither figure is adjusted for inflation. The consensus estimates…