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| Economy |
| Wages and Salaries Increase by the Highest Level in a Decade |
| 2018-11-01 |
| [Free Beacon] Wages and salaries rose 0.9 percent in the third quarter, beating expectations and bringing the yearly increase in wages and salaries to 3.1 percent, the largest increase in a decade. The 9.9 percent increase beat the expectation of 0.5 percent. The unemployment rate is also at 3.7 percent, the lowest it has been since 1969, CNBC reports. Employment costs rose by 0.8 percent in the third quarter, slightly ahead of economists' estimates, possibly signaling more inflation. "The employment cost index data adds to the broader evidence that wage growth has continued to trend gradually higher over recent quarters," said Michael Pearce, senior U.S. economist at Capital Economics. "And with labor market conditions still tightening, we expect wage growth will accelerate further from here." Although slow pay growth has been limited during the current recovery, employers now appear to be raising wages to a more typical level for a good economy. With unemployment low and more job openings than unemployed Americans, employers have to compete for workers. |
| Posted by:Besoeker |
| #4 GET RID OF criminals taking jobs and MAKE slugs get A JOB AND WAGES could INCREASE MORE?~~~~~~~~~~~~IMO |
| Posted by: ranture 2018-11-01 12:40 |
| #3 er...creation of money without backing |
| Posted by: Procopius2k 2018-11-01 08:22 |
| #2 The Fed is worried about inflation, but only because the workforce is actually making economic gains. They want Congress to raise taxes, as though the government isn't taking in record taxes which it is. Eight years of zero interest money loans to big banks and the creation of money without banking by the Fed is OK (cause of personnel rotation between in the the Fed and said financial institutions), but the lowly worker is a threat to the 'management' of the economy. Fed is no better than the old Soviet Central Planning. You exist to serve 'our' plans and programs. |
| Posted by: Procopius2k 2018-11-01 08:21 |
| #1 0bama:"I didn't build that" Establishment: "this is the terrible sort of inflation! We might even have to work for a living!" |
| Posted by: Bright Pebbles 2018-11-01 04:50 |