fbpx

real hourly compensation

Where’s The Boom (Serious Question)?

By |2018-02-01T18:25:02-05:00February 1st, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If there is a boom here, I just don’t see it. Perhaps the term itself needs to be clearly defined. The common definition is a broad-based and sustained expansion, one that is beneficial to a wide cross-section of any society experiencing it. Since this is still nominally a capitalist system, eroded as it may be in some parts, “broad” would [...]

Waiting For Godot’s Wages

By |2017-12-06T15:36:07-05:00December 6th, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Though the BEA revised GDP slightly higher for Q3 2017, the government agency took hourly compensation out to the woodshed. On a quarterly basis, this metric of labor market wage pressures is often quite volatile. In Q4 last year, for instance, nominal hourly compensation was -4.5% Q/Q (annual rate), followed immediately by a 4.9% gain in Q1 2017. For Q3 [...]

Go to Top