Tag: average hourly earnings

Real Earnings

Real Earning fell in February. From BLS: All employees Real average hourly earnings for all employees fell 0.6 percent from January to February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2 percent increase in average hourly earnings being more than offset by a 0.7 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

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Jobs numbers for November. 8.6%

Better. Much better than I expected. We need much more, but this is better. Note that the jobs numbers for September and October were revised up. From MarketWatch: The U.S. gained 120,000 jobs in November and the unemployment rate fell to 8.6% from 9.0%, the Labor Department said Friday. The government also revised jobs data for October and September to show that 72,000 additional jobs were created. Economists surveyed by MarketWatch had forecast a 125,000 increase in employment in November and no change in the jobless rate. About half of the drop in the unemployment rate stemmed from a decline in

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Seven Biggest Economic Lies

Tax cuts for the rich trickle down to the rest of us – not true. Both Ronald Reagan and George W. Bush cut taxes for the rich. The median hourly wage, adjusted for inflation, was either stagnant or dropped. Note the red line. Average hourly earnings adjusted for inflation. More in a sec.

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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