Fmr. Obama Economist Jason Furman: ‘Hours Were Down … that Means that Weekly Earnings Were Actually Down, Not Up’
‘That means that weekly earnings were actually down, not up’
Feb 2, 2024 9:00 PM
By Grabien Staff
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TRANSCRIPT:
FURMAN: "Now there's one weird thing in this data that I want to understand better. The one thing you didn't mention, Rick, that's on the soft side, is hours were down 0.6%. It's really unusual, this type — " SANTELLI: "I did mention it." FURMAN: "Oh, you did mention it?" SANTELLI: "Yeah." FURMAN: "Sorry. But that means that weekly earnings were actually down, not up."
