McRocket
Gold Member
- Apr 4, 2018
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'The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said Tuesday.
For workers in “production and nonsupervisory” positions, the value of the average paycheck has actually declined in the past year. For those workers, average “real wages” – a measure of pay that takes inflation into account – fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.
This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America, according to BLS.
Without adjusting for inflation, these “nonsupervisory” workers saw their average hourly earnings jump 2.8 percent from last year. But that was not enough to keep pace with the 2.9 percent increase in inflation, which economists attributed to rising gas prices.'
For 'production and nonsupervisory' workers, wages drop
The government source for the above article (go down to the third and fourth stats from the bottom under 'May 2018'):
Table A-2. Current and real (constant 1982-1984 dollars) earnings for production and nonsupervisory employees on private nonfarm payrolls, seasonally adjusted
And before Trumpbots start trying to spin the stats like crazy? Remember, these are official government statistics from the same source (the BLS) that tabulates the U-3 (official unemployment rate) that you and Trump have been bragging about for months.
For workers in “production and nonsupervisory” positions, the value of the average paycheck has actually declined in the past year. For those workers, average “real wages” – a measure of pay that takes inflation into account – fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.
This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America, according to BLS.
Without adjusting for inflation, these “nonsupervisory” workers saw their average hourly earnings jump 2.8 percent from last year. But that was not enough to keep pace with the 2.9 percent increase in inflation, which economists attributed to rising gas prices.'
For 'production and nonsupervisory' workers, wages drop
The government source for the above article (go down to the third and fourth stats from the bottom under 'May 2018'):
Table A-2. Current and real (constant 1982-1984 dollars) earnings for production and nonsupervisory employees on private nonfarm payrolls, seasonally adjusted
And before Trumpbots start trying to spin the stats like crazy? Remember, these are official government statistics from the same source (the BLS) that tabulates the U-3 (official unemployment rate) that you and Trump have been bragging about for months.
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