US Unit Labor Costs SOAR 9.60% QoQ As Labor Productivity DECLINES 5.20% QoQ (Worst Since 1960)

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by confoundedinterest17

If this what the Biden Administration had in mind? Soaring labor costs at the same time that labor productivity is falling to its lowest level since 1960?

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Powell and the Gang’s monetary approach doesn’t seem to be working for the labor market …

But is working extremely well for asset prices.

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Wall Street parties while Main Street suffers worst decline in productivity since 1960.

 

 

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