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August 10, 2018

US Real Wage Growth Slumps Most Since 2012



And just like that, a million hopeful voices cried out in horror...
Real average hourly earnings shrank by the most since 2012 in July...

For years hope has been soaring that household income will rise any minute now... and despite two years of disappointment, they remain optimistic...


But unemployment is so low? Full-employment? Wage pressure? Hmm, maybe that dismal participation rate is more important that we thought...Just keep believing America!!
Courtesy of Tyler Durden, Founder of Zero Hedge  (More by ZH here)  
The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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