Lawler: Will Average Hourly Earnings Growth Decelerate Over the Next Two Months?

From housing economist Tom Lawler: Will Average Hourly Earnings Growth Decelerate Over the Next Two Months? In its Employment Report for January the BLS reported that average hourly earnings of all private non-farm employees was $26.74 (seasonally adjusted) last month, up 2.9% from a year earlier. This year-over-year gain was up from 2.7% in December and 2.5% in November, and represented the higher YOY increase since May 2009 (though the January YOY gain was only trivially higher than the YOY increase in September of last year (2.832% vs. 2.886%). What few folks have mentioned, however, is......(read more)

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