Tag Archives: real aggregate payrolls

Real aggregate payrolls rise to new high as CPI ex-shelter continues somnolent  – by New Deal democrat With few exceptions, the November CPI report once again demonstrated how important fictitious shelter is to its calculation, as well as how important the inflection point of $5 gas in June 2022 has been. Headline inflation rose only 0.1% in November, and is up 3.1% YoY. Core inflation less food and energy increased 0.3%, and is up 4.0%...

Real wages unchanged, real aggregate payrolls rose slightly in April Consumer inflation for April was +0.3%, the lowest monthly advance since last August. The number was helped by a big decline in energy prices, down -2.7% for the month, and also by used cars, down -0.4% for the month. In this post I’ll report on the impact on wages. I’ll put up a separate post with more general comments later. Since nominal nonsupervisory wages rose 0.4% in...