Monday, January 25, 2016

Median Wages Rising at Fastest Rate in Seven Years

The Bureau of Labor Staistics reported on Friday that the median usual weekly wages for full-time workers increased 3.3% to $825 over the past year, the fastest growth in seven years.

After adjusting for inflation, real median wages increased 3% from the fourth quarter of 2014 to the fourth quarter of 2015.

Have I  mentioned that most indicators show no evidence that we are in anything other than the boom phase of a typical Fed created boom-bust business cycle?


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