The monthly jobs report from the Labor Department said wages are growing at the fastest rate since the economic recovery started seven years.
That’s good, certainly. But labor market experts looking at the bigger picture might revise that assessment downward for working Americans to
kind of OK.
Consumer spending, which accounts for roughly 70% of GDP, is critical to the Fed's optimistic view on the economy as it prepares to hike rates in December. More
For those without a high school diploma, the percentage of Blacks and Hispanics with jobs is back up near record highs, but the majority of non-Hispanic Whites have been jobless for seven long years. More
It's illogical to assert that the likely duration of an expansion is around six to ten years merely because the last three U.S. expansions lasted that long. More
November 2, 2016
Full Report: U.S. Focus
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