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What Wage Growth? Unit Labor Costs Decline Despite So-Called "Tight Labor Market"

What Wage Growth? Unit Labor Costs Decline Despite So-Called "Tight Labor Market"

Despite all the hope for higher incomes spewing from within the various soft-surveys of individuals and businesses across America, Q2 saw unit labor costs decline 0.2% year-over-year - the second YoY drop in the last 3 quarters.

Despite all the great news about lowe eunemployment rates and solid payrolls prints, aggregate unit labor costs for America are unchanged since Dec 2015.

Don't stop believin'...

Worse still Real Compensation tumbled 0.8% YoY - the 3rd quarterly decline in American wages in a row...

What Country Is This? Forced Blood Draws, Cavity Searches, And Colonoscopies

Authored by John Whitehead via The Rutherford Institute,

“The Fourth Amendment was designed to stand between us and arbitrary governmental authority. For all practical purposes, that shield has been shattered, leaving our liberty and personal integrity subject to the whim of every cop on the beat, trooper on the highway and jail official.”

- Herman Schwartz, The Nation

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