Graphic above, and quote below, are from ZeroHedge — which can find a stinker in the midst of a rose garden if anyone can (bolding from ZH) –
[y/y = "year over year"]
But more important was the Y/Y change in average hourly earnings. At 1.1% (down from 1.4% a month ago), this was the lowest Y/Y increase in this series, topping the collapse in real earnings which started in December 2008, and is now the lowest in history.
In other words, more jobs may be added, but on a real basis, wages are not even keeping up with inflation!
Source: http://electricalcontractor.com/?p=6757
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