Slowing! US November Jobs Report: Real US Average Hourly Earnings DECLINE -1.71% YoY (Only 199K Jobs Added Vs 450K Expected)

The November jobs report is out and the highlight is that US Average Hourly Earnings GREW at a rate of 4.7% YoY. Unfortunately, inflation is still raging resulting in REAL US Average Hourly Earnings DECLINING at a rate of -1.71% YoY.

REAL US home price growth is slowing and is at 12.856% YoY as REAL average hourly earnings slowed to -1.7094% YoY.

The lowlight of the November jobs report is that only 199K jobs were added versus the 450K jobs expected to be added. At least the unemployment rate fell to 3.9%.

WHERE we the jobs added? Leisure and hospitality led the way! Hey bartender.

Yes, REAL wage growth and REAL home price growth are slowing.

2 thoughts on “Slowing! US November Jobs Report: Real US Average Hourly Earnings DECLINE -1.71% YoY (Only 199K Jobs Added Vs 450K Expected)

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