U.S. Outlook: Is The Aging Workforce Curbing Wage Growth?
Wages for older workers grew a whopping 10.4 percentage points faster in 1991 than in the current economic expansion.
Read More ›U.S. Outlook: October Payrolls – Data Revisions Steal the Show
The U.S. labor market is slowing, just not as quickly as we all thought before the release of the October payrolls report. Despite the substantial headwinds of the GM strike and escalation of the trade war in September, U.S. nonfarm employment managed to increase a better than expected 128k jobs last month.
Read More ›U.S. Outlook: Will Conventional Wisdom Hold? Next Week is Pivotal
Conventional wisdom on the strength and resilience of the U.S. expansion will be tested next week. Is the economy really headed for a soft landing?
Read More ›U.S. Outlook: Expect Another Fed Rate Cut
The need for another quarter-point Federal Reserve interest rate cut at the end of October continues to increase. In fact, more cuts will likely be needed in the months ahead to stem the tide of slower U.S. and global economic growth.
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