Workers Got a Raise…in Real Terms

One item in last week’s jobs report was a disappointment: average hourly earnings fell 0.2% to $24.57. This morning we learned that consumer prices fell by 0.4% in December. We had deflation. That means that workers got a raise in real terms.

The data series only goes back to 2006, but real AHE earnings actually hit a new high in December.

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Posted by on January 16th, 2015 at 9:43 am


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