In addition to higher loan debts than before, today's college graduates are entering a job market
with weak wage growth.
Not exact matches
Powell in statements throughout the year, culminating
with his recent Senate confirmation hearing, has been clear he sees little risk of inflation that would prompt the Fed to raise rates faster than expected, and takes
weak wage growth as a sign that sidelined workers remain to be drawn into jobs.
The U.K. had been expected to follow close behind the Federal Reserve in raising interest rates for the first time in nearly a decade, but
with lower commodity prices and
weak wage growth still keeping a lid on inflation, economists now think that the U.K. may not raise rates till 2017 — even though new data out Wednesday showed the employment rate hit a 45 - year high of 74 % in the three months to November.
Treasury yields remained stable
with a positive bias after the mixed employment report, as healthy payroll
growth was accompanied by an uptick in the Unemployment Rate and
weak wage growth.
For the first several years» worth of recovery, that took the form of relatively rapid job creation paired
with very
weak wage growth due to the large stock of unemployed workers.
Probing more deeply into the data, the researchers said upstate was still experiencing
weak growth in «middle -
wage» jobs, reflected by a «limited bounce back in Education and Construction jobs coupled
with ongoing declines in Administrative Support and Production jobs.»
«New York's economy, particularly upstate,
with its continuing
weak economic
growth, can't support such an onerous and unprecedented
wage hike.»
Today,
with most measures of the labor market signaling full employment in the U.S.,
wage growth has remained
weak.