The following chart shows the inflation adjusted average hourly earnings of production and nonsupervisory manufacturing employees (May 2012 dollars).
Click to enlarge.
Real hourly earnings are currently 12% below the peak hit in December of 1978.
Source Data:
St. Louis Fed: Real Manufacturing Hourly Earnings (May 2012 Dollars)
PCE Measure of Shelter Slows to 5.8% YoY in February
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Here is a graph of the year-over-year change in shelter from the CPI report
and housing from the PCE report this morning, both through February 2024.
[imag...
1 hour ago
2 comments:
Not to worry--Uncle Benron has interest rates far below the peak of 1981 or so. Its what makes us our way of life SAFE!!
Anonymous,
Bumper sticker idea:
Wage inconsistence? Borrow the difference!
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