Confounding US economic, inflation data muddy Fed’s rate path on Nostr: American Households Experience Increased Purchasing Power as Wages Outpace Inflation ...

American Households Experience Increased Purchasing Power as Wages Outpace Inflation
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#2140b79c ver:2.22

American households are benefiting from increased purchasing power as wages outpace inflation, with real hourly earnings rising and positive since May 2023. This trend is especially strong for non-managerial workers, providing a boost to working families. The strong job growth and wage growth reported in May have given President Biden a boost ahead of the 2024 election. However, concerns about inflation and the quality of jobs created remain. #Economy #Jobs #Inflation #PurchasingPower...

#newstr #WageGrowth #Inflation #PurchasingPower #AmericanHouseholds

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