And the beat-down goes on
By Lee Russ
Friday, March 16, 2007 at 04:26 PM
And on it goes...real earnings down
If life feels like it's getting harder, it is...for most of us. From the current BLS release on real earnings:
REAL EARNINGS IN FEBRUARY 2007 Real average weekly earnings fell by 0.3 percent from January to February after seasonal adjustment, according to preliminary data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. A 0.3 percent decline in average weekly hours and a 0.4 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) were partially offset by a 0.4 percent rise in average hourly earnings.
Not that this is going to stop the globalization cheerleaders, the American business press, or most politicians from continuing to push the idea that everything's rosy, and people like me are just purveyors of the negative.