Weak Wages

While wages are increasing very slowly in response to the remarkably low unemployment rate, regrettably inflation is also rising and is at a six-year high. Real wage growth, which has been slowing since late 2016, was flat Y-o-Y in May and declined by 0.2% in June. This is surprising as we’re late in the cycle and 18Q2 GDP was probably the best since 14Q3. This will inevitably hurt consumer spending.

Share This Post
Facebook Twitter Email

Speak Your Mind


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