While wage growth leaves lots to be desired, all but two industries, utilities and Leisure & Hospitality, showed wage increases in excess of PCE deflator increases. This is good news, these are real wage increases and more evidence of labor market tightening, even if very marginal. This is my 3d post in 2 weeks about this and you better get used to them, because there's probably going to be a lot more of them. The tide is changing, and labor is on its way up!
Previously:
2013-12-12 -- More on labor bargaining power
2013-12-05 -- Profit margins, tax receipts, and labor demand curves
The economic indicators are very expected recently. The graphs show the absence of the wage growth with the hardening of working conditions.
ReplyDeleteThese indicators only indicate that the work in recent years is very small
ReplyDeleteLabour market is the thing that is really good for me to know about it.
ReplyDelete