Americans' Real Wage Growth Contracts For 3rd Straight Month - First Time Since 2012

Tyler Durden's picture

For the first time since 2012, real average hourly earnings has declined for 3 straight months...

Dragging the year-over-year growth in real earnings down to just 0.4% - the weakest growth since April.

 

Overall, Real average weekly earnings up $1.40 from a year earlier to $370.03.

Welcome to the road to serfdom America.

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FreeShitter's picture

That some good MAGA bitchez, where can I get some?

Bes's picture

"It's a big club and you ain't in it." 

- George Carlin

https://www.youtube.com/watch?v=rsL6mKxtOlQ

------------

I wonder what he would say about Trump......

"Good honest hard-workin people CONTINUE — these are people of modest means — continue to elect these RICH COCKSUCKERS who don’t GIVE a fuck about them. They don’t give a fuck about you, they don’t GIVE A FUCK ABOUT YOU. THEY DON’T CARE ABOUT YOU — AT ALL"

hahahahahaha!

Raymond K Hessel's picture

Graphs go up, then they go down

Then they go up, then they go down

Up, then down

Down, then up.

Graph Porn.

Raymond K Hessel's picture

There are so many new trolls on this site right now, you'd think Merkel declared open borders on ZeroHedge.

yogibear's picture

Wall Street boys saying go long Maseratis, update to a new one or buy your mistress one with all that money you made.

FreeShitter's picture

So good I said it 2x

Yen Cross's picture

 That's because the REAL unemployment rate is close to 20.00%.  Boomers can't retire, and Snowflakes aren't for hire.

BandGap's picture

I thought it was because I was getting old. Nope.

This is the most fucked up employment market I have seen in almost 40 years of work.

I have entry level positions open at ~45K a year for scientists (chemists, biologists, etc.) and cannot fill them. I will literally be hitting the road to visit local colleges to beg people to come to work.

This is after I was unemployed for 6 months myself this year. Now I get 3-4 calls a week for these tired old bones to lead groups in pharma manufacture.

I have no idea about what is and isn't real in the working world. Just get paid and prepare for the shitwave.

 

 

Ricki13th's picture

But the Donald and the MSM said the economy is roaring. WTF gives? Can't wait for 2018!

shankster's picture

It's going great for them.

_RRR_'s picture

when will they share with the common man?

oh wait ...

factorypreset's picture

They only socialize losses - not profits.

Winston Churchill's picture

Bonfires roar, as do do horses ready for the knackers with broken wind.

Which one was he alluding to ?

shankster's picture

Just like Bush said after 9II..everything is okay now so go shopping, go to Disney World.

small axe's picture

The Potemkin village is especially nice this time of year.

Don't forget your flame thrower

shankster's picture

Just like white washed graves.

E.F. Mutton's picture

There's a solution.  120 Month "Fog a Mirror" Car Loans.

At least you can keep up appearances.

shankster's picture

Same old song and dance played for the sheeple..I heard how fooking great the economy was for the 8 years Obozo was in office too...just a bunch of BS to buy the people in power a little more time to build their bunkers.

shankster's picture

Some trolls downvoting so early in the morning.

shankster's picture

If you lack all morals and you're as crooked, deranged and mentally sick as those in Hollywood or Washington DC.. then you too can make it to the top in the 'usa'

Anonymous_Beneficiary's picture

Christ Almighty...$370 a week? Before or after the government steals 1/3 of it?

Bam_Man's picture

And your health insurance costs $395 a week...

rejected's picture

Of course when you plug in the inflation you find they lost $7 dollars.

Soooooo,,,, Americans lost approximately $5.60 cents of purchasing power on that $370 piddly weekly income. 

Whoopee!!!!  

3-fingered_chemist's picture

What is a wage? This term is unfamiliar to me.

FreeShitter's picture

Getting up at 5 am and driving to your financial plantation.

Yen Cross's picture

 Welcome to Greecebabwe.  Would you like valet parking?

LawsofPhysics's picture

+1 for "Greecebabwe", made me laugh Yen.

Scornd's picture

how un-greecebabwi-merican!

Scornd's picture

u didnt check Blacks Law dictionary?

Scornd's picture

from Blacks Law Dictionary
http://thelawdictionary.org/wages/

What is WAGES?

The compensation agreed upon by a master to be paid to a servant, or any other person hired to do work or business for him. In maritime law. The compensation allowed to seamen for their services on board a vessel during a voyage. In political economy. The reward paid, whether in money or goods, to human exer- tion, considered as a factor in the production of wealth, for its co-operation in the process. "Three factors contribute to the production of commodities,