The unemployment rate remained at 4.1 % for the sixth straight month, and
wage gains went up slightly for workers.
Much of the debate about slack, the drop in unemployment to 16 - year lows and
wage gains goes to the heart of the Phillips Curve — a model developed in 1950s by New Zealand economist William Phillips to determine the inverse relationship between the unemployment rate and inflation.
Not exact matches
When higher income households see
wage gains, some of it
goes to savings.
What these charts show is the share of the GDP
going to wages / salaries is in a long - term decline:
gains in GDP are flowing not to
wage - earners but to shareholders and owners, and through their higher taxes, to the government.
The higher
wage would boost labor income by 1.3 percent by 2019, with just 27 percent of those
gains going to low - income households.
-- many of us noted that the
wage gains of the 80 % of the workforce that's blue - collar production workers or non-mangers in service jobs
went up only 2.4 % (call this the PNS
wage, for production, non-supervisory).
Watching to see whether or not QE helps the Euro Zone get back on its feet, whether China can continue above trend growth, and whether job
gains in the US lead to solid
wage gains are all clues to watch closely
going forward.
With three rounds of QE, the U.S. economy received no median
wage growth, little inflation movement, a lackluster employment sector with numbers are cooked, and 95 % of income
gains going to 1 % of the nation.
The Wandsworth factor and demographic change
go in favour of making Tooting a Tory
gain for Mark Clarke and the loss of Labour votes to the BNP looks like
going to aid Simon Jones» campaign to oust Jon Cruddas in Dagenham and Rainham; «Mr Expenses», Alan Keen, is more vulnerable than the figures suggest in Feltham and Heston (the current projection shows his wife, Ann, being defeated in neighbouring Brentford and Isleworth); Tory candidate Ed Northover wrote only this week about his efforts to win Leyton and Wanstead from Labour, whilst ConservativeHome has previously noted the energetic campaign being
waged by Chris Philp in the redrawn Hampstead and Kilburn seat where he is now in genuine contention.
Some interesting news about the US economy: While middle
wage jobs show little signs of recovery, a new study from Georgetown University discovered there have been more «good» jobs (which pay at least $ 53,000 a year) than people have assumed, and 2.8 million of the 2.9 million good jobs
gained in the recent period of recovery have
gone to college graduates.
The opportunity to harvest long - term capital
gains at 0 % rates can be highly appealing, even if it must be done opportunistically when a low - income situation presents itself — which might be a year of low income between jobs, or simply for those who haven't grown their income enough to exceed the threshold, or perhaps after retirement when other
wage income
goes away (but before required minimum distributions begin).
B2C positions often command a lower
wage than those in the business sector but graduates
going into retail sales can usually expect the skills
gained through their degree to be recognised and as such may be fast - tracked to management positions.
You'll probably make minimum
wage (depends on the state you live in), but the true value is in the work experience you'll be
gaining, which will
go a long way in the future when you're searching for your first true entry - level job.