I've seen a few stories about recent trends in wages, and too many of them seem to be trying to make a big deal out of movements that - when in put in context - are really too small to say much of anything.
[Updated in an almost-certainly futile attempt to combat confirmation bias.]
The most recent months are down, certainly. But given the scale of variation in these fairly noisy series, I don't see how anyone is ready to declare a trend just yet.
And if we're going to start seeing stories to the effect of "real wages are declining in weak labour market", I'm going to have to start asking pointed questions about why we weren't seeing "real wages are increasing during the recession" stories over the past couple of years.
Update: I was surprised - although I probably shouldn't have been - to see that immediate reactions on twitter largely consisted of "I reject the data in favour of my preferred narrative." So here are the LFS data. These are not seasonally adjusted, but the LFS does provide data for the median.
I don't expect the LFS numbers will cause anyone to revisit his preferred narrative any more than the SEPH numbers did. Confirmation bias is too powerful.