With the September jobs report, perhaps one of the most irrelevant monthly updates from the BLS in a long time, due out in less than half an hour, BofA’s Chart of the Day looks at what has become the most sticky issue in the monthly jobs report of late: where the inflation-adjusted income growth, or lack thereof, can be found.
What it finds is that the average American can still hope for rising real wages: they just have to be massively underwater on unrepayable student debt. To wit: