Mmastodon BusinessEconomy first seen 12 h ago, last 9 h ago, peak #3

US real wages fall for sixth straight month

Original: More "winning"‼️🤬 QUINTANILLA: Real average hourly earnings down 0.7% on the month. That's the sixth straight month CRAM

New US labor data shows real average hourly earnings dropped 0.7% on the month, the sixth consecutive monthly decline, according to analyst Quintanilla. The figures sparked sharp commentary, with CNBC's Jim Cramer noting that wealthy people are making a lot of money while looking at the data, and critics sarcastically framing the declines as more 'winning' on the economy.

Why now: Falling real wages for six straight months is striking new economic data in a period of ongoing debate over inflation and living costs.

QuintanillaJim CramerCNBCUnited States

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• More "winning"‼️🤬 QUINTANILLA: Real average hourly earnings down 0.7% on the month. That's the sixth straight month CRAMER: Look, rich people are making a lot of money. God, I sound like Marx. I really don't want to sound like Marx. It's just, I'm looking at the data # economy… · AfroIsReborn · 4

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