Real Wages Plummet As Inflation Hits The U.S. Recovery


The headline 3.9% unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000.

We are primarily funded by readers. Please subscribe and donate to support us!

The weak jobs figure should be viewed in the context of the largest stimulus plan in recent history. With massive monetary and fiscal support and a government deficit of $2.77 trillion, the second highest on record, job creation falls significantly short of previous recoveries and the employment situation is significantly worse than it was in 2019.
www.dlacalle.com/en/real-wages-plummet-as-inflation-hits-the-u-s-recovery/?utm_source=feedly&utm_medium=rss&utm_campaign=real-wages-plummet-as-inflation-hits-the-u-s-recovery

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.