Recovery Wrecked: American Employee Compensation Dropped In September For The First Time Since July 2013

Despite all the promises, all the surveys, all the expectations that wage growth is coming (any minute now), September crushed the hopes (and changes) and dreams of Americans as, for the first time since July 2013, Compensation of Employees fell month-over-month. Recovery?

 

 

Must be time to hike rates!

 

Charts: Bloomberg