Stop feeding the troll.

The m2 money supply is pretty much what it was. That money did not disappear.

How about all the other data that does not support the weapons grade stupid assertion that the economy is good ?

Old McDonald said:

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Heineken-Ashi said:

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Old McDonald said:

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real wages are up since the start of the pandemic. jan 2021 wage data is bloated by covid relief. you're correct, the data is the data.

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Now adjust for inflation.

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what do you think "real" wages means? also your chart is 2 years outdated

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It's not my chart.

More Ways to Look at Wages and Inflation : U.S. Bureau of Labor Statistics (bls.gov)

And again,

Quote:

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Much like the BLS Consumer Price Index (CPI) measures the change in the cost to consumers of a fixed basket of goods and services, you can think of the ECI as measuring the change in the cost of compensation for a fixed mix of workers. Changes in the composition of the labor force, such as a move toward lower-paying industries or occupations, do not affect the ECI. As such, the ECI is often considered a true measure of wage inflation.

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Again, adjusting for inflation wages are not up.


Median inflation adjusted earnings U.S. 1979-2022 | Statista

Heineken-Ashi said:

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Again, adjusting for inflation wages are not up.

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this is only true compared to mid-pandemic when wages were vastly inflated by covid relief spending. compared to pre-pandemic trends they are indeed up.

Old McDonald said:

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Heineken-Ashi said:

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Again, adjusting for inflation wages are not up.

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this is only true compared to mid-pandemic when wages were vastly inflated by covid relief spending. compared to pre-pandemic trends they are indeed up.

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But they aren't up over pre-pandemic levels. Show me a wage adjusted inflation chart that says otherwise.

Old McDonald said:

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from this report:

unemployment below 4% for the longest stretch in generations
wages rising faster than prices

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Fair answer but it's a result of demographics rather than policy. The difference between the number of boomers retiring and the number of Gen Z entering is hundreds of thousands a year for the rest of the decade. We'll have labor shortages at least til 2030 and probably 2035. That will keep the unemployment rate down almost no matter what the politicians do to screw it up. Right now the biggest concern is the quality of the jobs being created. Part time and government jobs aren't ideal, I assume you agree with that.

Government jobs

LOYAL AG said:

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Old McDonald said:

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Gaw617 said:

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This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

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alternate explanation: the economy is good, people with skin in the game know it, and your information diet is predominantly people who must pretend otherwise for electoral reasons

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What in that jobs report looks good to you? What I see is a big headline number comprised entirely of part time jobs with negative full time jobs. Now combine that with persistent inflation. Those do not add up to a good economy.

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Agreed, you cite inconvenient facts that people ignore or are completely unaware of since our MSM is ethically corrupt.