Saturday, November 5, 2016

WAGE GROWTH BEST IN 7 YRS (OCTOBER)

In spite of all the dismal talk about the economy and the anger among many voters, everything I can find is that things are looking up:

Wages rose more in October  [2.8%] than any time since the economic recovery began, a sign that the labor market is tightening and the Fed should be on course to raise interest rates in December.*

GDP. Inventories, Housing, and Unemployment also looking good.**

As I have written elsewhere, How Good Do Things Have To Get Before People Realize It.***

* http://www.cnbc.com/2016/11/04/best-wage-growth-in-7-years-pushes-the-fed-toward-a-december-rate-hike.html
** http://stopcontinentaldrift.blogspot.com/2016/10/gdp-inventories-housing-unemployment.html
*** http://stopcontinentaldrift.blogspot.com/2016/09/how-good-do-things-have-to-get-before.html

No comments:

Post a Comment