Saturday, April 4, 2015

4/4/15: US Jobs ≠ US Wages Inflation. Why not?


Want to understand why the US Economy adding jobs is not translating into the US workers gaining wages? Here's a handy PBS report worth reading: http://www.pbs.org/newshour/making-sense/why-you-shouldnt-expect-wages-to-rise-any-time-soon/

H/T to John Komlos

Update: an interesting take on the ongoing US economic slowdown from the BusinessInsider: http://uk.businessinsider.com/2015-has-broken-everyones-assumptions-so-far-2015-4?r=US. Note the Atlanta Fed estimate of zero growth in Q1. Weather might be the case. Oil prices, however, are bogus scape goat. Here's a chart showing that the US in fact is  the driver for lower oil prices:
H/T for that to @business 
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