Courtesy of Mish.
On Friday, I once again had the pleasure of being on Capital Account, live television with Lauren Lyster. I believe you can pick up the show on Comcast but it is not available on ATT U-verse, at least in my area.
We discussed the latest jobs report, real wages, Keynesian stimulus, income distribution, taxes, and other topics.
I come in at about the 3:00 mark, but the first few minutes of Lauren are entertaining as usual.
Link if video does not play: What Happens When Jobs Rise But Leave Wages And Living Standards Behind?
Here are a couple of charts from my Friday Jobs report (see Nonfarm Payrolls +171,000, Unemployment Rate 7.9%; Good All Around Numbers), that we discussed in the video.
Index of Aggregate Weekly Hours
The index of aggregate hours paints a good picture of the stall in the recovery. Employment is up, but hours are not up proportionally. This reflects the trend to part-time workers and the reduction of hours in part-time workers.
Average Hourly Earnings vs. CPI
…
