With unemployment claims as a % of the population hitting record lows in each of the past 4 years and a record number of job openings, we can be assured that there is precious little slack in the labor market so why do wage growth measures fail to provide accurate conclusions. The answer is that the overall labor composition has shifted toward lower paid entry level Millennials replacing peak earning Boomers heading into retirement. Let me explain with the help of some enlightening charts.
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This article answers the question as to how far the employment situation in the U.S. is from "normalizing" by analyzing 6 metrics to help answer the question. The conclusion is surprising. Read on.
Read More »Suppressed Wage Growth In U.S. Ensures Continuing Weak Economic Growth
With wage growth suppressed and consumers still driving over 70% of the nation's GDP, weak economic growth should not be a surprise.
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The cards may be stacked against equities in 2010. After one of the most spectacular rallies in the history of the equity markets from its March, 2009 low stocks are now arguably overbought, overvalued and on borrowed time Words: 773
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