Latest Updates Around The World
By BLS: Both total nonfarm employment (+50,000) and the unemployment rate (4.4 percent) were little changed in December, the U.S. Bureau of Labor Statistics reported today. Employment continued to rise in food and beverage services, health care and social assistance. The retail industry lost jobs. Below is the breakdown of the vacancy details. The unemployment […]
I maintain that the Federal Reserve’s primary goal has been to suppress wage growth. With wage growth at the bottom of the cycle, the institution is closing in on its policy goals. Wage growth is trending towards 3%, while productivity, they believe, is actually 1%. These conditions are conducive to achieving the 2% inflation target. […]
