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-.

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.