All Posts Tagged: wages
Hurricane Florence muddied the waters of the September payroll report.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Oct. 5.Key observations:
- The U.S. economy has added over 200K jobs per month over first three quarters of 2018.
- The last time the U.S. economy managed that feat was way back in 2105, when the unemployment rate was much higher than it is today (over 5%).
- The year-on-year wage growth rate failed to accelerate, slipping back to 2.8% from 2.9% in August.
- The report increases the odds the Fed will raise the fed funds rate two more times next year.
The moderate pace of wage growth since the end of the Great Recession is unusual compared to previous expansions.Read More ›
The current economic expansion turned nine years old this month.Read More ›
Net new job creation is cooling off.Read More ›
February’s jobs gain is more than three times the pace the Fed believes is necessary on a monthly basis to keep the unemployment rate steady.Read More ›