real hourly compensation

Waiting For Godot’s Wages

By |2017-12-06T15:36:07+00:00December 6th, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Though the BEA revised GDP slightly higher for Q3 2017, the government agency took hourly compensation out to the woodshed. On a quarterly basis, this metric of labor market wage pressures is often quite volatile. In Q4 last year, for instance, nominal hourly compensation was -4.5% Q/Q (annual rate), followed immediately by a 4.9% gain [...]

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