Wages Drop, Only 5th Time In 33 Years
While the corrupt media coordinates with the White House to attack Romney using the work of a high-profile Occupy Wall Street supporter, not only is unemployment increasing, but three years into Barack Obama's term and for only the fifth time in 33 years, wages fell.
NBC, CBS, ABC, The Washington Post, Politico, The New York Times, NPR, CNN... None of them want to talk about the beating the middle class and the unemployed and under-employed are taking in Obama's failed economy.
All the corrupt media wants to discuss is what Obama wants to discuss: War on Women, immigration, same-sex marriage, lies about Romney outsourcing, and now Romney's wealth...again.
Anything to distract and divide -- anything to keep the voters from comprehending how this president has failed and failed them.
Unemployment ebbs and flows, but one measure of the nation's economic health, average weekly wages, rarely dips.
Until now. In the latest demonstration of the struggling economy that threatens President Obama's reelection, average weekly wages fell in 2011, one of only five declines since the category was created in 1978 by the Bureau of Labor Statistics.
In a just-released review of employment in the nation's largest 322 counties, BLS found that weekly wages dropped over the year by 1.7 percent to $955 in the fourth quarter of 2011 from a high of $971 in the fourth quarter of 2010.
That means the $50,000-a-year mark, busted in the fourth quarter of 2010, has dropped back to an average yearly salary of $49,660. And the wage depression was widespread: 282 major counties suffered wage declines; just 36 saw increases.
The wage drop comes as employment has increased in a majority of the counties in the last quarter of 2011, said the agency. That irony makes it the only quarter in history in which wages shrunk while employment grew, a grim reminder that more Americans are taking additional jobs to make ends meet.
The Labor Department agency added that smaller bonus payments in the fourth quarter helped to push weekly wages down.