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</html><description>Annual employment growth is falling while average hourly earnings growth remains high. This is typical. Ahead of the last two recessions (gray bars below), average hourly earnings growth (green) held steady while employment growth (blue) declined. If annual employment growth (blue line on the above chart) falls below 1.0% then a Fed rate cut is &hellip; Continue reading ""</description><thumbnail_url>http://static.incrediblecharts.com/images/2018/2019-06-11-employment.png</thumbnail_url></oembed>
