Trump Economy: Unemployment at record lows, and real wages at RECORD HIGHS
 

Average Hourly Earnings Rise To Unprecedented High

06/14/19

The U.S. Bureau of Labor Statistics released its May 2019 update on real earnings in the United States on Wednesday. According to the latest reading, real average hourly earnings for production and nonsupervisory employees increased by 0.3 percent compared to the preceding month and by 1.7 percent compared to May 2018. On average, workers in the United States in nonsupervisory positions got paid $23.38 an hour last month. Denominated in constant 1982-1984 dollars, that amounts to real average hourly earnings of $9.40, the highest amount on record since 1964.

Since it’s easier to grasp the development of real earnings from today’s point of view, we took the liberty of calculating real earnings in 2019 dollars and taking a look at what hourly earnings from 1964 onwards would be worth assuming today’s prices. As the following chart shows, today’s wages in the United States are at a historically high level. At $23.38, today’s average hourly earnings exceed the longtime peak dating back to February 1973 by 5 cents. Back then, workers had earned $4.05 an hour, which translates to $23.33 in 2019 dollars.

https://www.ibtimes.com/infographic-...d-high-2800632

Big deal, when is he going to address the real issues...like where are the trannies going to pee?

We need a leader like Justin Trudeau!

maybe go to the source not the spin???

https://www.bls.gov/web/empsit/ceshighlights.pdf


Thus far in 2019 employment has increased by an average 164,000 per month, compared to 223,000 per month in 2018.

The employment change for April declined from +263,000 to +224,000, and the change for March declined from +189,000 to +153,000.

On net, employment over these months is 75,000 lower than previously reported.

Average hourly earnings rose by 6 cents or 0.2 percent in May. Hourly earnings have increased by 3.1 percent over the year. The workweek, at 34.4 hours, was unchanged in May. ( Minus tariff tax, Minus interest increase … :)

LOL.

Thanks Obama.