Real Wage Growth Slumps To Weakest Since May

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.


Davidduke2000 Fri, 10/13/2017 - 09:05 Permalink

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.

liqmyace Fri, 10/13/2017 - 09:25 Permalink

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 Fri, 10/13/2017 - 09:27 Permalink

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!… 

Fantasy Free E… Fri, 10/13/2017 - 09:49 Permalink

p { margin-bottom: 0.1in; line-height: 120%; }a:link { }One of the benefits of QE is the reduction of real wages.   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.