Wages Did Not Rise in November and Fall in December: #23,754

I thought that reporters had finally learned that monthly wage data are erratic and best ignored, but noooooooo, they apparently still believe that they give us real information about the rate of growth of wages. The immediate cause for complaint is a Morning Edition State of the Union fact check segment in which Scott Horsley told listeners that wages rose in November, but then fell in December.

As I tried to explain after the big wage jump in November was reported, the monthly changes are d...