The Federal Reserve’s Labor Market Conditions Index fell another -2.2% MoM in October. That makes it 9 out the last 10 months for negative growth.
On a YoY basis, the Fed’s Labor Market Conditions index has declined 20 of the last 21 months.
This is not surprising given that the Fed/Obama jobs “recovery” had the worst wage growth for 82% of the population since 1965 (never getting above 2.7% unlike previous post-recession recoveries).
America’s Evita, Hillary Clinton, is campaigning on a continuation of the Fed/Obama recovery strategy.
Here is a photo of Argentina’s Eva (Evita) Peron doing an imitation of Hillary Clinton towards the American people. And here she is singing “Don’t Cry For The Clinton Foundation.“
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