Real Year-Over-Year Wages Decline for 18 Consecutive Months – Mish Talk

The BLS Real Earnings Report for September shows another monthly decline in real wages. 

• Real average hourly earnings for all employees decreased 0.1 percent from August to September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 percent in average hourly earnings combined with an increase of 0.4 percent in the Consumer Price Index for All Urban Consumers (CPI-U). 
• Real average hourly earnings for production and nonsupervisory employees increased 0.1 percent from August to September, seasonally adjusted. This result stems from a 0.4-percent increase in average hourly earnings combined with an increase of 0.3 percent in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).