The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages

Tags InflationUnemploymentU.S. EconomyU.S. History

11/14/2022Ryan McMaken

Narrator:

The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed.

Original Article: "The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages"

This Audio Mises Wire is generously sponsored by Christopher Condon. '

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

Author:

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.