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Real Wages Plummet As Inflation Hits The U.S. Recovery

Real Wages Plummet As Inflation Hits The U.S. Recovery

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The headline 3.9% unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000. With massive monetary and fiscal support and a government deficit of $2.77 trillion, the second highest on record, job creation falls significantly short of previous recoveries and the employment situation is significantly worse than it was in 2019.

...read full article on Seeking Alpha

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