An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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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.
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.
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?
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.
ReplyDeleteArt--
ReplyDeleteI 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?