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Johnson: Wage Data Not as Strong as It Looks

Headline data on wages looks encouraging, but after factoring in inflation and fewer hours worked the picture is less rosy.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The U.S. economy added 160,000 jobs in October. I'm here with Bob Johnson, our director of economic analysis, for his take. Bob, thanks for joining me.

Bob Johnson: Great to be here today.