The following chart shows the 1-year moving average of real compensation per hour in the nonfarm business sector.
Click to enlarge.
Should the trend hold, we're roughly 10% off the ultimate peak.
Source Data:
St. Louis Fed: Nonfarm Business Sector: Real Compensation Per Hour
Schedule for Week of May 12, 2024
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The key reports this week are April CPI, Retail Sales and Housing Starts.
For manufacturing, April Industrial Production, and the May NY and Philly
Fed man...
2 hours ago
2 comments:
bonus points for the excellent reference to the conchords . . .
Troy,
Bonus points accepted! :)
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