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7th Mar 2016 05:50U.S., Economic Monitor

Whatever you do, don't fret over the apparent loss of momentum in the wages numbers; it's a classic statistical head fake, as we pointed out in Friday's Monitor, before the report. When the 15th of the month--payday for people paid semi monthly-- falls after the employment survey week, the BLS fails properly to capture their income, and hourly earnings are under-reported.

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Keywords for: 07 Mar. 2016 Wage Pressures are Building - Fed Inaction Will Hurt, Later

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