Labor cash earnings YoY comes in weaker at 0.6% vs 0.8% estimate

  • Real cash earnings rise 0.2% versus 0.2% estimate. The prior month came in at -0.1%
  • Labor cash earnings YoY came in at 0.6% versus 0.8% estimate. The prior month was 0.9%
  • October inflation-adjusted real wages mark first rise since December 2016
  • Overtime pay +0.2% YoY