Richmond Fed Shows 3rd Monthly Decline As Wages Crash Most In 4 Years

Tuesday, November 24, 2015
By Paul Martin

by Tyler Durden

A collapse in new orders and the order backlog combined with a plunge in wages, average workweek, and number of employees has left the Richmond Fed contracting for the 3rd month in a row. The last three times this happened, The US was either in recession or The Fed unleashed QE3.

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