The current economic situation isn't getting any better for Americans.
As inflation continues to spiral out of control, wage growth is falling further behind.
In April, average hourly wages for fall workers on private nonfarm payrolls increased by only 0.3%. This is lower than economists had predicted. And this pace of earnings growth is significantly slower than growing inflation.
This basically means that wages are not increasing quickly enough to keep up with rising costs of everyday necessities and other expenses such as gasoline, food, and housing.
Real earnings are falling, which may explain why Americans continue to give President Joe Biden and Vice President Kamala Harris low marks for their economic management. |
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Crypto's Next "Big Move" Could Start on April 27... Mark Your Calendar TODAY If you're looking to a lot of money in the crypto markets, mark your calendar for April 27... Why? Well, if you've been following Charlie's work over the past few years, you know he and his team have an incredible track record targeting newly listed cryptos. He first bought bitcoin at $5. He recommended Ethereum at $109... before it surged 4,400%. Point being... When Charlie pounds the table on a new penny crypto opportunity... it's probably in your best interest to pay close attention. You can find Charlie's full write-up on the situation by clicking here. |
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