Average monthly salary after tax:
Source: World of statistics
Financial demands of supporting a US family of 4 have surpassed what a single salary can adequately provide
Source: FT
A mixed message from the July US jobs report: the US economy added 187k jobs according to Establishment survey, a tiny bit below Street’s +200k forecast
According to the Household survey, the number of employed people rose by 268k. Because of this 268k number, unemployment rate dipped to 3.5%, down from 3.6% in June and below estimated 3.6%. Wages ran hot, coming in at +4.4% YoY (vs Street +4.2% and vs +4.4% in June). Source: HolgerZ, Bloomberg
Is the wageflation story behind us?
Maybe not yet...United pilots could get raises of up to 40% under a preliminary deal, after similar agreements were made at Delta and American Airlines For the first time in many decades the labor force has the upper hand in negotiating across a broad swath of industries, and they're using it as much as they can. Bottom-line: The wageflation story isn't quite over yet. Instead, it is evolving. Source: Markets Mayhem, Wall Street Journal
