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Status:
"everybody getting reported now.."
(set 23 days ago)
Location: Pine Grove,AL
29,552 posts, read 16,542,682 times
Reputation: 6039
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A very broad jobs report , the only thing missing is significant wage increases.
Quote:
The Labor Department says the unemployment rate remained at a six-year low of 5.8 percent. And 44,000 more jobs were added in September and October than the government previously estimated. Job gains have averaged 241,000 a month this year, putting 2014 on track to be the strongest year for hiring since 1999.
The large gains come after the economy expanded from April through September at its fastest pace in 11 years. The additional jobs should help boost growth in the coming months.
Status:
"everybody getting reported now.."
(set 23 days ago)
Location: Pine Grove,AL
29,552 posts, read 16,542,682 times
Reputation: 6039
Quote:
Originally Posted by SHABAZZ310
How long is it going to take until a conservative finds something in the report to nitpick about? Wait for it...1...2...3?
The way its worded, it sounds like every month between April and September has been revised up. So not only is it a good report but other reports are now better as well.
the nitpicking i can see coming is wages, but when you have an abundance of workers, wages usually do not increase, it is when the companies were jockeying for workers that wages will go up.
When we hit 5%, that is when wages will start to rise significantly.
The way its worded, it sounds like every month between April and September has been revised up. So not only is it a good report but other reports are now better as well.
the nitpicking i can see coming is wages, but when you have an abundance of workers, wages usually do not increase, it is when the companies were jockeying for workers that wages will go up.
When we hit 5%, that is when wages will start to rise significantly.
The actual wording of the BLS report is the previous 2 months.
Employment Situation Summary
The change in total nonfarm payroll employment for September was revised from +256,000
to +271,000, and the change for October was revised from +214,000 to +243,000.
A very broad jobs report , the only thing missing is significant wage increases.
We may be on the cusp of this happening. As the labor market continues to improve, some employers will have no choice but to hire faster and make concessions (higher wages being one of them) to obtain or retain talent.
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