US workers didn't get a raise in the past year

January is a tough month to seasonally adjust because of the turn of the year but the big dark point in the CPI report is average hourly earnings. The bulk of the CPI and retail sales reports were strong, if not very strong but wage inflation is non-existent.
Monthly hourly average fell 0.6% in January. And one thing that isn't too tough to seasonally adjust is a year-over-year reading. Compared to January 2016, hourly earnings were flat after adjusting for inflation. That's a sharp drop from +0.8% y/y earnings in December.