Stephanie
Diamond Member
- Jul 11, 2004
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Obama promised to Transform your country. Looks like he's doing a hell of job on it.
Welcome to ObamaNation
snip;
US Wage Growth Plummets to Slowest Pace On Record
BY: Morgan Chalfant
July 31, 2015 2:11 pm
U.S. employment costs posted the smallest increase on record in the second quarter of 2015.
The Labor Department released the figures Friday, Reuters reported. The Employment Cost Index, the general measure of labor costs that is used as an accurate indication of labor market slack, ticked up only 0.2 percent in the second quarter.
Down from an 0.7 percent gain in the first quarter, this represents the smallest gain since the government started measuring the employment cost index in 1982.
Some economists had anticipated that the figure would see an 0.6 percent increase in the second quarter.
“This data has periodically proved to be very lumpy and the sharp deceleration is inconsistent with other measures of wage inflation that are trending higher, not falling off a cliff,” said Eric Green, chief economist at TD Securities in New York City.
Comprising 70 percent of employment costs, wages and salaries endured their smallest gain on record, rising 0.2 percent in the second quarter after ticking up 0.7 percent in the first. In the private sector, wages and salaries recorded identical gains.
all of it here:
US Wage Growth Plummets to Slowest Pace On Record Washington Free Beacon
Welcome to ObamaNation
snip;
US Wage Growth Plummets to Slowest Pace On Record
BY: Morgan Chalfant
July 31, 2015 2:11 pm
U.S. employment costs posted the smallest increase on record in the second quarter of 2015.
The Labor Department released the figures Friday, Reuters reported. The Employment Cost Index, the general measure of labor costs that is used as an accurate indication of labor market slack, ticked up only 0.2 percent in the second quarter.
Down from an 0.7 percent gain in the first quarter, this represents the smallest gain since the government started measuring the employment cost index in 1982.
Some economists had anticipated that the figure would see an 0.6 percent increase in the second quarter.
“This data has periodically proved to be very lumpy and the sharp deceleration is inconsistent with other measures of wage inflation that are trending higher, not falling off a cliff,” said Eric Green, chief economist at TD Securities in New York City.
Comprising 70 percent of employment costs, wages and salaries endured their smallest gain on record, rising 0.2 percent in the second quarter after ticking up 0.7 percent in the first. In the private sector, wages and salaries recorded identical gains.
all of it here:
US Wage Growth Plummets to Slowest Pace On Record Washington Free Beacon
