U.S. Household Debt Exceeds $14 Trillion for the First Time

[progree]

7. Wages are finally rising as the labor market tightens further - MSM meme

Uh, err, not quite.

Real (meaning inflation-adjusted) average weekly earnings of production and non-supervisory workers:
http://data.bls.gov/timeseries/CES0500000031

Obama last 3 years: +4.48%, Trump's first 35 months: +2.84%, Last 12 months: +0.31%

I'm using Trump's first 35 months instead of 36 months because the January CPI report won't be released until February 13. I'll then be able then to do Trump's 36 months and last 12 months through January 31. But anyway, this is how it is shaping up.

What's odd is that pretty much ever since Trump has been president, the media has been talking about the tightening labor market and wages finally rising. Well, the figures show a wage slowdown compared to Obama's last 3 years.

Here's the hourly version for those who prefer that:

Real (meaning inflation-adjusted) average hourly earnings of production and non-supervisory workers:
http://data.bls.gov/timeseries/CES0500000032

The nominal dollar, aka current aka greenbacks version (raw, not adjusted for inflation, but seasonally adjusted)
weekly: http://data.bls.gov/timeseries/CES0500000030
hourly: http://data.bls.gov/timeseries/CES0500000008