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2-year Lows for Average Hourly Earnings Growth


Average hourly earnings growth (year-over-year) dropped to a two-year low for "all workers" as well as "production and nonsupervisory workers," the worst reading for both since the fall of 2012.

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A Convenient Smokescreen

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A summary measure of Yellen's 24-indicator "dashboard" contains virtually no information that cannot be gleaned from the jobless rate alone. More

 

The Fed in the Yo-Yo Years

Al Jazeera January 7, 2015

Given half a chance, the Fed wants to raise rates off of the zero lower bound ASAP. More