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Thread: U.S. Wages Grow 2.9 Percent Over Past Year

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    Default U.S. Wages Grow 2.9 Percent Over Past Year

    Wages for U.S. workers grew 2.9 percent over the last year, increasing the average wage level by $0.57 to $27.36 an hour, according to the ADP Research Institute® Workforce Vitality Report (WVR) released today. The growth, down from 3.1 percent annual growth as of December 2017, was driven by strong wage gains for workers in the information industry


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    Feds have 3 rate hikes still scheduled -this is a roaring economy that just had record earnings reports as well.

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    Trump was handed a decent and growing economy by Obama.

    Not all presidents are lucky enough to inherit that good fortune.

    Obama was handed an economy on the precipice of a Second Great Republican Depression - and to this day, I still marvel at how rapidly things turned around once George Dumbya was out, and Obama was in.

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    U.S. wage growth is set to pick up modestly in the coming years, but economists think pay raises are being depressed by powerful forces—sluggish productivity gains, an aging population and overseas competition—that could persist despite low unemployment.

    It is one of the lingering mysteries of the economic expansion that began nearly nine years ago: Why has growth in Americans’ paychecks remained anemic despite the unemployment rate plunging to its lowest level in 17 years?

    Larger raises may be coming after average hourly earnings for private-sector workers rose 2.7% in each of the past two years.
    Private-sector forecasters surveyed in recent days by The Wall Street Journal on average predicted 3% earnings growth in 2018, followed by gains of 3.2% in 2019 and 3.1% in 2020.
    ...

    n general, economists remain optimistic about the health of the current expansion. The average probability of a recession in the next 12 months was 15% in April’s survey, ticking up from the prior month but remaining low.

    “Despite all the noise, fundamentals are strong,” said Russell Price, senior economist at Ameriprise Financial.
    https://www.wsj.com/articles/powerfu...wth-1523542097

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    Why the Next 9 Days Are So Critical for the U.S. Economy
    Kissinger: “demonization of Vladimir Putin is not a policy; it is an alibi for the absence of one.”
    ________

    Cold War 2.0 Russia hysteria is turning people’s brains into guacamole.
    We’ve got to find a way to snap out of the propaganda trance
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    Buddha: "trust the person who seeks truth and mistrust the person who claims he has found it "
    1.2.3.4.5.6.7. All Good Children Go to Heaven

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    Quote Originally Posted by anatta View Post
    Feds have 3 rate hikes still scheduled -this is a roaring economy that just had record earnings reports as well.
    1st qtr GDP growth coming out tomorrow is expected to be under 2%. If that's the case I wouldn't call it roaring. But there good signs for the second quarter

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    Quote Originally Posted by Cypress View Post
    Trump was handed a decent and growing economy by Obama.

    Not all presidents are lucky enough to inherit that good fortune.

    Obama was handed an economy on the precipice of a Second Great Republican Depression - and to this day, I still marvel at how rapidly things turned around once George Dumbya was out, and Obama was in.
    What's been wage growth over the past decade?

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    Quote Originally Posted by cawacko View Post
    1st qtr GDP growth coming out tomorrow is expected to be under 2%. If that's the case I wouldn't call it roaring. But there good signs for the second quarter
    I'm not worried about quarters per se. I'd love to see those 3% forecast of course

    Considering the structural difficulties.... ( I posted that chart).....

    Wage growth is what i really want. It think we're finally on track to keep it near 3%
    I just got a significant raise in invoice compensation I submit. 1st time since i I've been there.

    do you think fed increases have any effect on wages?

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    Quote Originally Posted by anatta View Post
    Why the Next 9 Days Are So Critical for the U.S. Economy
    http://fortune.com/2018/04/26/federa...economic-data/
    don't miss this

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    Quote Originally Posted by cawacko View Post
    What's been wage growth over the past decade?
    Don't know.

    I do know history will record Obama as the president who saved the nation from a Second Great Republican Depression.

    Survey: Historians rank Obama 12th best president

    Historians have ranked Barack Obama the 12th best president of all time, the highest rated since President Ronald Reagan, in a new C-SPAN survey released Friday.

    https://www.politico.com/story/2017/...ankings-235149

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    Quote Originally Posted by Cypress View Post
    Don't know.

    I do know history will record Obama as the president who saved the nation from a Second Great Republican Depression.
    The topic is wage growth. Where Obama ranks among Presidents has nothing to do with that topic.

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