FOXNEWS Americas Newsroom June 4, 2024 13:05:00
Rate fell slightly. employment to population ratio fell slightly but you have to store it as a good job. here is the soft underbelly of this report and the economy, okay? average hourly wages for production workers up 3/10 of 1% in october. up 5.5% for the last 12 months. 5.5 is a good number. the problem is it's way below an 8.2% consumer price index. so real wages after inflation continued to decline. this is the 19th consecutive month of declining. so families are having to pay higher fuel costs, higher heating costs, higher gasoline prices and so forth. but unfortunately their wages are fa...