Thursday, August 15, 2013

Jeff Cox — The really bad news behind the jobless claims drop

Weekly jobless claims have been on an inexorable path lower this summer. So have paychecks.
CNBC NetNet
The really bad news behind the jobless claims drop
Jeff Cox | Senior Writer

2 comments:

Art said...

Pretty disingenuous article by Jeff Cox. Growth rate for wages appears to have bottomed in 2012. Nothing to write home about, but there was nothing remarkable about the recent data points either when you look at them in context.

Detroit Dan said...

Art--

I don't get what you are saying. Jeff Cox just pointed out that real wages went down last month, and also year over year. What is the larger context? Are you saying this is a temporary aberration?