Subject: Re: Another Monster Jobs Report
What about wages?
In May, average hourly earnings for all employees on private nonfarm payrolls increased by 14 cents,
or 0.4 percent, to $34.91. Over the past 12 months, average hourly earnings have increased by 4.1
percent. In May, average hourly earnings of private-sector production and nonsupervisory employees
increased by 14 cents, or 0.5 percent, to $29.99. (See tables B-3 and B-8.)

This would be good to compare to inflation rates.



Basic Info. US Core Inflation Rate is at 3.61%, compared to 3.80% last month and 5.52% last year. This is lower than the long term average of 3.68%. The Core US Inflation Rate is one of the most important metrics for the US Economy.


So they gained some in wages on inflation, and we have good jobs numbers. Much better than Trumpolinas job numbers, so Biden is doing a better job, as expected.