Real Wage Growth Slumps To Weakest Since May

Tyler Durden's picture

Despite soaring expectations, real average weekly earnings growth is slowing dramatically, falling 0.1% MoM in September - the second monthly decline in a row.

 

This is the first consecutive monthly decline in real wages since April 2014...

"Transitory" - we are sure.

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The Duke of New York A No.1's picture

We are still on track for a December rate hike, right Grandma?

 

 

philipat's picture

Go ahead Janet baby...I dare you?

ejmoosa's picture

No demand for labor?  Imagine that.

Davidduke2000's picture

old yeller has nothing to do with interest rates, it is big investors who demand higher rates.

Vlad the Inhaler's picture

But what about in the other direction?

Cash2Riches's picture

The fact is, the US Economy has never recovered for the man on the street, since the 2008 crisis began. The FED is desperate to cover up this reality, as they know everything they have done, has failed miserably. They will be exposed.

 

http://goldsilverliberty.blogspot.ca/2017/10/whats-buried-in-feds-report...

onewayticket2's picture

,,,but, Maserati sales are way up??  

rrrr's picture

Wages never keep up with inflation. This is one of the reasons inflation is not unpopular in realms of finance. And this is one of the reasons people in positions of power get away with creating inflation.

Dr. Engali's picture

Bah! Who needs wages when core CPI is so low? Print on Janet. All is well in the land of fruits and nuts.

Davidduke2000's picture

of course it is going down a lot because it jumped up because of the minimum wage hike in many states but governments do not let any propaganda go to waste.

Pollygotacracker's picture

The Fed, and BOJ and ECB, have everything so screwed up it would take the Second Coming of Jesus Christ Himself to repair. 

Amen. Come Lord Jesus.

Revelation 22:20

A. Boaty's picture

That fits in well with my Divine Intervention Alpha Fund.

BigWillyStyle887's picture

Jesus will be even more pissed when he finds out we let jews destroy our culture.

rrrr's picture

Jesus is not your creator, he is not coming back, and you don't need to be saved.

liqmyace's picture

Duh, the great unwashed don't get pay rises...That's not the way the system is designed to work! They get access to credit, which they have to pay back, so must continue to work without complaining.

Dilluminati's picture

I cut back my spending in CATV (cut the cord) and my bet is that the incredible shrinking french fries of benefits and wages as a lagging indicator express themselves at HO HO time, it's a lean XMAS.  Gift of the MAGI XMAS where to some this will seem a comedy, but somebody running globalism forgot to pay their employees enough to buy globalist products, think Apple and their 1000 phone, no need to stand in line, they're of course available.  Samsung CEO resigns and he did't sexually assualt nobody, dindu nuttin!

https://www.yahoo.com/finance/news/samsung-forecasts-impressive-third-qu...

 

liqmyace's picture

They don't need cash, they will further enslave themselves by buying on credit...Simples!

liqmyace's picture

The economists on here will tell you, you can't grow a modern economy without growing credit. Perfect storm for the banksters...

Fantasy Free Economics's picture

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One of the benefits of QE is the reduction of real wages.

 

http://quillian.net/blog/why-the-stock-market-always-goes-up/

 

QE not only bubbles up financial markets. It also stretches corporate profit margins. Prices are prevented from falling when they logically should and real wages fall. Is deflation bad? If it is, it is not near as bad as the consequences of creating inflation through centeral economic planning. But, no deflation is really just part of the free market system and occurs when the productivity of labor increases. There is no way to prevent deflation without dismantling the free market system.

1stepcloser's picture

The debt slave owners are LOL @ us...

Scornd's picture

Can't wait to throttle these fucks in the afterlife. I'm coming for you, Legion. U time is short!

MuffDiver69's picture

Two of the economies life lines get smacked by hurricanes and this is a surprise..