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.
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.
A summary measure of Yellen's 24-indicator "dashboard" contains virtually no information that cannot be gleaned from the jobless rate alone. More
Given half a chance, the Fed wants to raise rates off of the zero lower bound ASAP. More