Mar
24

Falling Income

In Feb there was no rise in average weekly wages, but there was a 0.5% inflation in consumer prices meaning that real incomes fell by 0.5%. They have now fallen in 5 of the last 6 months during with time it has shrunk by 2.3%. Thus, the anemic job growth we are experiencing is barely keeping total real income for the economy flat.

Share This Post
Facebook Twitter Email

Speak Your Mind

*