REAL Average Hourly Earnings Growth Falls To -1.378% YoY In November Jobs Report (Jobs Added Missed BIG At Only 210K, New Taylor Rule Estimate Is 15.50%)

https://confoundedinterest.net/2021/12/03/real-average-hourly-earnings-growth-falls-to-1-378-yoy-in-november-jobs-report-jobs-added-missed-big-at-only-210k-new-taylor-rule-estimate-is-15-50/ 

Treasury Secretary Janet Yellen said yesterday that “It’s Fed’s Job to Avoid Any Wage-Price Spiral.” Well, The Fed is helping to avoid a wage increase in real terms, since the November jobs report revealed that REAL US Average Hourly Earnings growth YoY fell to -1.378%. In other words, inflation is greater than hourly earnings.