Good news for America; bad news for DEMOCRATS

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Legion

Oderint dum metuant
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Worker pay rate hits highest level since 2008


  • The employment cost index rose 2.8 percent for the second quarter, the biggest increase since the third quarter of 2008.
  • Wage growth had been the missing component of the economic recovery.

The index draws from a sample of 27,200 observations of some 6,600 private businesses as well as 8,000 observations from 1,400 government offices.

Wages and salaries rose 0.5 percent for the quarter and 2.8 percent for the 12-month period.

Private industry compensation was up 2.9 percent, a substantial rise from the 2.4 percent recorded as of June 2017. Government compensation increased 2.3 percent for the period, which actually was a pullback from the 2.6 percent gain recorded in June 2017.


https://www.cnbc.com/2018/07/31/worker-pay-rate-hits-highest-level-since-2008.html
 
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U.S. workers saw the largest increase in wages and benefits since September 2008, according to a new report from the Labor Department on Tuesday.

The employment cost index, a gauge of total compensation for civilian workers, increased 0.6% in the second quarter.

Pay and benefits jumped 2.8% in the 12-month period ended in June, the highest yearly growth rate in nearly a decade.

Wages alone gained 2.8% over the past 12 months, which also reflected a near 10-year high.

Growth in benefits outpaced wages in the second quarter. Wages were up 0.5%. Benefits, which cover health care, retirement plans and other items, jumped 0.9%. That marks the fastest pace in four years.


https://www.foxbusiness.com/economy/us-workers-see-biggest-pay-benefit-increase-in-10-years
 
DEMOCRATS: Trump won't bring back manufacturing. Trump won't get above 3% growth.

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GOOD NEWS FOR AMERICANS IS BAD NEWS FOR DEMOCRATS​



American workers are finally reaping the benefits of the lowest unemployment rate and best jobs market in decades: Wages and benefits are rising at the fastest pace in a decade.

The employment cost index rose 0.6% in the second quarter, a tick below the MarketWatch estimate of 0.7%.

More important, the cost of worker compensation in the form of pay and benefits edged up to 2.8% to mark the biggest yearly gain since mid-2008.

Wages — some 70% of employment costs — rose a sturdy 0.5% in the second quarter, the government said Tuesday.

The big increase was in benefits: They jumped 0.9% to mark the largest advance in four years.

Employees in the private sector are faring better than those in government, the ECI data showed.

The ECI reflects how much companies, governments and nonprofit institutions pay employees in wages and benefits.

Wages and compensation are going up because unemployment is way down. The jobless rate has tumbled to an 18-year low of 4% after the hiring of millions of people in the past eight years.

More and more companies complain they cannot find enough skilled workers. Firms have sought to fill openings by offering better benefits such as more vacation time or flexible hours. When push comes to shove, they are offering higher pay.




https://www.marketwatch.com/story/worker-pay-and-benefits-climbing-at-fastest-pace-in-10-years-eci-finds-2018-07-31
 
Annual US worker pay gains rose at fastest pace since 2008

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U.S. workers saw their annual wages and benefits rise in the second quarter at the fastest pace in nearly a decade, a sign that the low unemployment rate is forcing employers to raise pay to attract and keep workers.

Pay and benefits for all U.S. workers increased 2.8 percent in the April-June quarter from a year earlier, the most since the third quarter of 2008.

Total compensation for private industry workers — which excludes state and local employees — rose 2.9 percent, the best since the second quarter of 2008.

The unemployment rate is near an 18-year low of 4 percent, leaving employers scrambling to find the workers they need. There are more open jobs than there are unemployed workers, according to government data, for the first time since records began in 2000.

A separate measure of wages and salaries for private sector workers rose 2.9 percent in the past year, matching March's gain and the highest in nearly a decade.








http://www.startribune.com/pay-gains-for-us-workers-slowed-in-second-quarter/489623991/
 
It's the economy, stupid DEMOCRATS

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THINK THEY CARE ABOUT MUH RUSSIA OR STORMY?​



Private payrolls in the U.S. increased by more than expected last month as companies get a boost from lower corporate taxes, ADP and Moody's Analytics said Wednesday.

Jobs in the U.S. increased in July, while economists polled by Reuters expected a gain. July's job gains were the best since February. Jobs growth for the previous month was also revised up.

"The job market is booming," said Mark Zandi, chief economist of Moody's Analytics, in a statement.

Medium-sized businesses, which employ 50 to 499 people, added the most payrolls in July. The goods-producing sector saw payrolls increase, led by a gain in manufacturing jobs and additions in construction.

"The labor market is on a roll with no signs of a slowdown in sight," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Nearly every industry posted strong gains and small business hiring picked up."



https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2016/06/01/103681763-GettyImages-532200478.530x298.jpg?v=1533126024
 
Legion said:
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U.S. workers saw their annual wages and benefits rise in the second quarter at the fastest pace in nearly a decade, a sign that the low unemployment rate is forcing employers to raise pay to attract and keep workers.

Pay and benefits for all U.S. workers increased 2.8 percent in the April-June quarter from a year earlier, the most since the third quarter of 2008.

Total compensation for private industry workers — which excludes state and local employees — rose 2.9 percent, the best since the second quarter of 2008.

The unemployment rate is near an 18-year low of 4 percent, leaving employers scrambling to find the workers they need. There are more open jobs than there are unemployed workers, according to government data, for the first time since records began in 2000.

A separate measure of wages and salaries for private sector workers rose 2.9 percent in the past year, matching March's gain and the highest in nearly a decade.








http://www.startribune.com/pay-gains-for-us-workers-slowed-in-second-quarter/489623991/
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This can’t be right. Because when the GDP report came out our friends in the democrat party told us wages weren’t growing and were declining.

Are you sure about your link? Democrats wouldn’t lie for political gain would they?
 
Teflon Don said:
This can’t be right. Because when the GDP report came out our friends in the democrat party told us wages weren’t growing and were declining. Are you sure about your link? Democrats wouldn’t lie for political gain would they?
Click to expand...

Maybe TTQ64 is right and statistics are racist. :dunno:
 
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