Jason Furman's tweet - "The biggest news in this release is large upward revisions in wage growth for September and October and a big number for November. This is the second time this year we've seen AHE revisions like this dashing the hopes that maybe nominal wages growth was cooling. "

@jasonfurman | 133,747 followers

The biggest news in this release is large upward revisions in wage growth for September and October and a big number for November.

This is the second time this year we've seen AHE revisions like this dashing the hopes that maybe nominal wages growth was cooling.

Tweet Engagement Stats

Stats are based upon replies and quotes of this tweet

Top Words	%
inflation	26.9%
wage	19.2%
wages	19.2%
growth	15.4%
economy	15.4%

Top Applications	%
mobile.twitter.com Twitter Web App · mobile.twitter.com	46.2%
twitter.com Twitter for iPhone · twitter.com/download/iphone	26.9%
twitter.com Twitter for Android · twitter.com/download/android	19.2%
www.echofon.com Echofon · www.echofon.com/	3.8%
twitterrific.com Twitterrific for Mac · twitterrific.com/mac	3.8%

Top Content Types	%
URL	84.6%

Engagement Map

Quotes

Replies

Retweets

Replies and Quotes

Total of 14 replies and 23 quotes found

Itamar Caspi

@itamarcaspi

זה כנראה הניוז המרכזי והמטריד של דוח התעסוקה החדש של ארה"ב. לא רק שקצב יצירת המשרות לא מראה סימני האטה, השכר לא יורד ואפילו מאיץ. עלה בחודש הקודם בקצב שנתי של למעלה מ-6 אחוזים.

In reply to @JustinWolfers

Justin Wolfers

@JustinWolfers

And @jasonfurman is right to emphasize that the uptick in wage growth seen this month is really quite worrying in terms of the future path of inflation.

David Cervantes

@pinebrookcap

This is the momentum in nominal spending I spoke about earlier this week.

The real economy is still moving fwd.

You don’t get a recession in the near term with these kinds of NFP beats and nominal spending power surging like this.

In reply to @BillPascrell

Rhonda Harbison

@rhonda_harbison

twitter.com/jasonfurman/st…

In reply to @jasonfurman

string22bla

@string223

Wages tend to lag inflation no? So not too surprising

final fantasy xi jinping

@maccspowers

economists despise workers

In reply to @WHCOS

Charlie Patrick

@CharliePatrick

elites are upset that the working class has higher wages, of course they say NOTHING about record corporate profits, guess it's much easier to force people out of work, than it is to tax excess profits

James Barrineau

@jbarrineau2

The bond market is carefully cherry-picking the data to arrive at its conclusion a quick pivot and much lower inflation seems likely soon

Mark Copelovitch

@mcopelov

The <jobs>. The <jobs> are the biggest news in this excellent jobs report (twitter.com/JustinWolfers/…). Not the possible contributors to the modestly high inflation that is already coming down (twitter.com/jasonfurman/st…).

In reply to @jasonfurman

my joy...it embiggens

@bryanOnTheSide

You know your system is fucked up when wages going up is a bad sign for the economy.

Ricardo A Gallo

@ragallo1963

Inflação quando pega em salários soh cai com recessão. Noiiis já aprendemos isso. Eles irão aprender infelizmente, que não pode deixar inflação solta, pois custo de abatê-la é enorme!!

In reply to @kylemusserco

Kyle Musser

@kylemusserco

7/🧵 @jasonfurman twitter.com/jasonfurman/st…

In reply to @jasonfurman

Matthew W. Hall (We / One)

@MatthewWHall2

Americans should be poor! Capitalism demands it!

CC77

@CC77722

#INFLATION

R. Anne Teaze 🥄🦓

@teaze_r

Wage growth is good, but not if the increased costs keep getting passed on. Eventually something breaks as the Fed keeps raising rates and pulling liquidity.

For most market participants, these economic conditions are new to them. Why I am in cash and trade short time frames.

@DukeStJournal

Statements like this tend to get taken out of context in this site, so to clarify, yes, it’s absolutely good for wage earners to earn more, but it has to be a natural growth. Growth due to a tight labor market like this puts too much stress on the economy, particularly small biz.

In reply to @jasonfurman

HERMES fan

@HERMESFAN2

The real wage is lower, the interest rate is high, and the inflation is high🤔The wage-price spiral theory is'nt punctual The (wage+capital income)- price spiral would be correct. The consumers can buy products from their capital income too.=high inflation twitter.com/Nouriel/status…

In reply to @INArteCarloDoss

@DanielAndrewMe

For the visual learners…

In reply to @jasonfurman

SuburbanBourbon

@SuburbanBourbo2

are these revisions typical?

Chris Gaines

@bertinbertin

'Sorry too many of you are working, so the fed has to crush the economy.' Anyway, my answer to everything economy-related stays the same: build more housing.

GingerSnap 🤶

@CackyC

Economist’s mad that wages are increasing. The horror.

In reply to @Richeydarian

LapuLapu 2.0

@Upper_Nineveh

Just to add to the Inflation and Wage growth thingy…. BtW… Turkey’s case is unique.

In reply to @jasonfurman

EricF

@EricF34330029

"... response rate for the establishment survey that give us payrolls and wages absolutely crashed in November so a lot more noise in the data" OTOH, 2nd release rate looks good in Oct to me (note I'm not an expert) bls.gov/web/empsit/ces…

In reply to @jasonfurman

John Bullivan

@BullivanJohn

The #Fed will stay the course for longer than most believe in their controlled economic 'demolition' in order to bring inflation & rates DOWN Rolling $33T in Debt w/o blowing up the system REQUIRES RECESSION & low rates (ex-Fed #QE). We are screwed w/o it.twitter.com/BullivanJohn/s…