That Great Census News

That metropolitan-area household incomes in 2015 are up five percent is, indeed, good news, but as Stoller points out, men’s income is up 1.5 percent and women’s is up 2.7 percent, so what it means is that more people per household are working.

Household income is still 1.7 percent below the 2007 level.

Income being up indicates that the Fed can now crush wages, however. Let’s see how long this runs, or how long they let it run.

Overall, however, the job market is still trash.

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