Tag Archives: nonsupervisory wages

The Bonddad Blog  – by New Deal democrat On Monday I examined some series from last Friday’s Household survey in the jobs report, highlighting that they more frequently than not indicated a recession was near or underway. But I concluded by noting that this survey has historically been noisy, and I thought it would be resolved away this time. Specifically, there was strong contrary data from the Establishment survey, backed up by yesterday’s...

Real wages for nonsupervisory employees make 19 month low, but no recession signaled Yesterday’s CPI report showed that prices increased 0.8% in February. Meanwhile, the jobs report indicated that average hourly wages for nonsupervisory workers increased 0.3%, so real hourly wages declined -0.5% for the month: As shown in the above graph, real wages had been essentially flat since July 2020, varying from 0.8% above, to -0.3% below. Pending...