“Real hourly compensation decreased 0.4 percent after revision, rather than the previously-published increase of 4.2 percent,” the BLS admitted.
In the real world, CEO/CFO types get to go to jail for this type of fraudulent data release.
C'mon January, 2017!
Thanks Barry.
The goal is to put everyone in a situation where they can’t support themselves so that they have to get on some form of public assistance and are beholden to the party of government.
More corruption of the career bureaucracy. Wages are declining because we have a surplus of labor. Yet, we continue to bring in 1.1 million legal immigrants a year along with 640,000 guest workers annually. It is insane.
Oops, we missed it by 4.6%! Not to worry, we’ll call it a rounding error.
Gee, was it “unexpected”?
Yikes! This needs to be brought up and out big time.
What ever happened to the Porkulus money and shovel ready jobs???
And summer of 2010 was recovery summer per Obama. Did the recovery ever happen?????
Spread the truth!
Wow! This is a big adjustment down. Combine this with productivity in the cellar, it’s not good out there.
Just competing with the third world....it’s only fair./s
Will someone from the Trump campaign please read this to Mr. Trump? This is what he should be hammering home, instead of giving the Democrat media a chance to claim he made a threat against Hillary’s worthless life yesterday. People pay attention when it’s their paychecks he’s talking about….and the MSM won’t bother quoting him on these stats/ so he and Pence better get on the stick and do it.
I don’t know what the shock is. Socialist policies of this administration are killing jobs, production, factories, coal mining. 94 million people are out of work the only shock is we have not completely gone Venezuela but elect the Hildabeast and that is coming
Real median household income has dropped during the Barry years. Can’t remember last time this happened.
I’ll be surprised if they don’t blame G.W., S.P., or even D.T.
Wealth concentration to the few.
Venezuelamerica
Happened to me. So, I took another job that is more boring, but pays more. They lost a good employee. I know for a fact 6 months later they miss me. How? Every person I meet from the old job tells me.
If Hillary’s elected the United States will BE ‘detroit’ in twenty years... Wages, standard of life - the whole kitten kaboodle will go south... fall in value... slide into hellhole status.
I thought millions of illegals were the key to keeping wages high. Have our politicians been lying to us???
Full employment. Rapidly ging economy. lol
What we need is more illegals and more illiterate refugees that can’t speak our language. That always drives wages up. If you have any doubts just ask the U S Chamber of Commmerce and the GOPe. This is their plan to solve the wage problem, and they are working tirelessly at it.