US Average Hourly Earnings Rise To 5.08% YoY, But Home Prices Rise 7.95% YoY (BAD Jobs Report)

Today’s Covid-19 impacted jobs report was lousy. The economy lost 140k jobs. The good news is that the unemployment rate remained at 6.7%.

Another piece of good information is that average hourly earnings YoY rose to 5.1% YoY in December from 4.4% in November. The bad news is that home prices (Case-Shiller 20) rose at almost 8% YoY.

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