g5000
Diamond Member
- Nov 26, 2011
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During recessions and depressions, wages and jobs are always the last to recover.
So to see several months of higher than expected job creation is a very, very good sign.
Wage growth is still sluggish, as is the labor force participation rate. Both are climbing, but very slowly. But if the fantastic job creation continues, discouraged workers should start to feel motivated to start looking for jobs again.
So to see several months of higher than expected job creation is a very, very good sign.
Wage growth is still sluggish, as is the labor force participation rate. Both are climbing, but very slowly. But if the fantastic job creation continues, discouraged workers should start to feel motivated to start looking for jobs again.