``...the ... average hourly earnings number, which was expected to rise at a 2.7% rate Y/Y, also missed, printing at 2.4% instead with September revised lower to 2.8%. Worse, on a monthly basis, there was no wage increase at all, printing at 0.0% (technically it was a 1 cent decline), below the 0.2% expected, and the lowest since June 2015.''

On the topic, also see the companion ZeroHedge article: Record 95.4 Million Americans Are No Longer In The Labor Force As 968,000 Exit In One Month.

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