More Less Than Nothing, Labor Conditions

By |2017-05-16T17:30:54-04:00May 16th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Despite a lower calculated inflation rate for April 2017, Real Average Weekly Earnings were only just positive for the month year-over-year. As the CPI had moved higher on the base effects of oil prices, real earnings were forced negative in each of the three prior months. The reason is, as always, no acceleration in nominal wages or earnings. None. Given [...]