A Framework That Provides Clarity
During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.
Growth in multiple jobholders continues to trend up (bottom line). Meanwhile, single jobholder growth remains in an easing trend, falling to a six-month low in November (top line).
The message is clear: with wage growth unable to keep pace with inflation, more people need to work multiple lower-paying jobs in order to make ends meet.
We’d need double the productivity growth of the Reagan years. More
Whites now have fewer jobs than nine years ago, while Hispanics, Blacks and Asians together gained all of the net jobs added, and more. More
The upturn in inflation, which ECRI predicted many months ago, has now become a significant concern. More
November 18, 2016
Full Report: U.S. Essentials
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