Econ Comments & Analysis
Zero Hedge | Why There Is No Wage Growth: One In Five Jobs Added Was A Waiter Or A Bartender
While the headline jobs print was a modest kneejerk disappointment at least until it is appropriately spun in some sort of "goldilocks" frame, where the October jobs report was a true disappointment, was in the report of average hourly earnings: rising at just 0.1% for the month and 2.0% Y/Y, it missed expectations across both metrics.
Blogs
Wall Street Journal | Economists React to the October Jobs Report: ‘On the Whole, A Strong Report’
U.S. employers added 214,000 jobs in October, while the unemployment rate fell to 5.8% and wages moved up slightly. The headline number was lower than gains in recent months, but the economy has now added an average of 224,000 jobs over the last three months.
