4 ms·

With regards to: > "... Real income/wages are flat...", I do not seem to find confirmation to the above. Instead there seems to be slight growth in hourly ear

With regards to: > "... Real income/wages are flat...", I do not seem to find confirmation to the above. Instead there seems to be slight growth in hourly earning, according to this https://www.bls.gov/news.release/pdf/realer.pdf https://www.bls.gov/news.release/pdf/realer.pdf (page 5, Jan 2020): - Dec 2018: +1.3 - Oct 2019: +1.3 - Nov 2019(p): +1.1 - Dec 2019(p): +0.6

charwalker 7y ago
You left out where the chart is negative: Mar 2019: -.3 Apr 2019: -.2 Oct 2019: -.2 Dec 2019, -.1 (noted as a .1 lift but a .2 CPI increase to offset to -.1) Other sources do show a low growth rate vs a flat line, but it is still much slower than before the 2008 crisis: https://www.bls.gov/news.release/realer.nr0.htm https://www.bls.gov/news.release/realer.nr0.htm "From December 2018 to December 2019, real average hourly earnings increased 0.7 percent, seasonally adjusted. The change in real average hourly earnings combined with a 0.6-percent decrease in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this period." A .1% real average weekly earnings increase YoY is hardly worth writing home about and more a sign that something isn't working for most Americans. It's basically flat.
- 75dvtwin 7y ago
  I did not leave anything out. If you look at the page 5 ( Table A-1. Current and real (constant 1982-1984 dollars) earnings for all employees on private nonfarm payrolls, seasonally adjusted ) you will see exactly the numbers I have posted. I think you are looking at >".. Real average weekly earnings decreased 0.2 percent over the month due to the decrease in real average hourly earnings combined with no change in average weekly hours. Chart 2: Over-the-month percent change in real average hourly earnings for production and nonsupervisory employees, seasonally adjusted, December 2018–December 2019 ..."

charwalker 7y ago

You left out where the chart is negative: Mar 2019: -.3 Apr 2019: -.2 Oct 2019: -.2 Dec 2019, -.1 (noted as a .1 lift but a .2 CPI increase to offset to -.1) Other sources do show a low growth rate vs a flat line, but it is still much slower than before the 2008 crisis: https://www.bls.gov/news.release/realer.nr0.htm https://www.bls.gov/news.release/realer.nr0.htm "From December 2018 to December 2019, real average hourly earnings increased 0.7 percent, seasonally adjusted. The change in real average hourly earnings combined with a 0.6-percent decrease in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this period." A .1% real average weekly earnings increase YoY is hardly worth writing home about and more a sign that something isn't working for most Americans. It's basically flat.

75dvtwin 7y ago
I did not leave anything out. If you look at the page 5 ( Table A-1. Current and real (constant 1982-1984 dollars) earnings for all employees on private nonfarm payrolls, seasonally adjusted ) you will see exactly the numbers I have posted. I think you are looking at >".. Real average weekly earnings decreased 0.2 percent over the month due to the decrease in real average hourly earnings combined with no change in average weekly hours. Chart 2: Over-the-month percent change in real average hourly earnings for production and nonsupervisory employees, seasonally adjusted, December 2018–December 2019 ..."