Jan
12

Sickly Salary

wages1While the economy created 252,000 jobs in December and 2.95 million last year, the most since 1999, and the unemployment rate fell to 5.6%, looks can be deceiving. The steep unemployment rate decline is because the labor force participation rate declined to 62.7%, a 37 year low, thus the combined number of persons employed and those looking for work actually fell, and wage growth remains elusive. The grade, a B/B-.

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