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
Weekly Initial Unemployment Claims Decrease to 222,000
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The DOL reported:
In the week ending May 11, the advance figure for *seasonally adjusted
initial claims was 222,000*, a decrease of 10,000 from the previou...
1 hour ago
2 comments:
bonus points for the excellent reference to the conchords . . .
Troy,
Bonus points accepted! :)
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