WAGES GROW AT FASTEST RATE IN TEN YEARS

[UCFWayne]

WAGES GROW AT FASTEST RATE IN TEN YEARS
By Kevin Ryan

Wages and salaries grew 3.1% on an annualized basis in the 3rd quarter, the biggest increase in 10 years, the Department of Labor announced this morning. And wage growth is significantly outpacing inflation, which grew at an annual rate of 2.3% in September.

The wage data came the same day that ADP and Moody's reported private payroll growth of 227,000 in October, easily beating Wall Street expectations by 49,000 jobs.

With the unemployment rate at 3.7%, the lowest in 49 years, and with more job openings than unemployed Americans, companies are being forced to fight for available workers. Employers have also been boosting benefits to attract and retain workers.

And small business owners say they plan to increase employee compensation in the coming months at the fastest rate since the National Federation of Independent Business survey began in the 1980s.

“How hot is the labor market? Hot enough for employers to pony up some more cash to get workers to come work for them,” wrote Chris Rupkey, chief financial economist at MUFG Union Bank, in a note to clients.

Consumer confidence is at the highest level since 2000, largely because people feel that job opportunities are plentiful, the Conference Board’s Consumer Confidence Survey showed yesterday.

SOURCES:
https://www.cnbc.com/2018/10/31/wag...3point1percent-highest-level-in-a-decade.html
https://www.washingtonpost.com/busi...2e7894-dc85-11e8-85df-7a6b4d25cfbb_story.html
https://www.washingtonpost.com/busi...it-an-especially-advantageous-time-ask-raise/

 

[UCFKnight85]

More great news for our economy and our citizens!

 

[UCFRogerz]

I hate making more money.

 

[Husk in butt]

Money = Bad

Rather smell and play hacky sack while driving my hipster VW with Bernie stickers.

 

[NinjaKnight]

So the last time wages grew faster...Obama was president?

Glad to see the economy almost getting back to where it was under Obama.

 

[fried-chicken]

Real wage growth only please. Don't be a sucker.

 

[UCFKnight85]

I hate making more money.

Wage growth + tax relief = more money in the bank.

It sucks!!

 

[Knight_Classes_begin_7pm]

WAGES GROW AT FASTEST RATE IN TEN YEARS
By Kevin Ryan

Wages and salaries grew 3.1% on an annualized basis in the 3rd quarter, the biggest increase in 10 years, the Department of Labor announced this morning. And wage growth is significantly outpacing inflation, which grew at an annual rate of 2.3% in September.

The wage data came the same day that ADP and Moody's reported private payroll growth of 227,000 in October, easily beating Wall Street expectations by 49,000 jobs.

With the unemployment rate at 3.7%, the lowest in 49 years, and with more job openings than unemployed Americans, companies are being forced to fight for available workers. Employers have also been boosting benefits to attract and retain workers.

And small business owners say they plan to increase employee compensation in the coming months at the fastest rate since the National Federation of Independent Business survey began in the 1980s.

“How hot is the labor market? Hot enough for employers to pony up some more cash to get workers to come work for them,” wrote Chris Rupkey, chief financial economist at MUFG Union Bank, in a note to clients.

Consumer confidence is at the highest level since 2000, largely because people feel that job opportunities are plentiful, the Conference Board’s Consumer Confidence Survey showed yesterday.

SOURCES:
https://www.cnbc.com/2018/10/31/wag...3point1percent-highest-level-in-a-decade.html
https://www.washingtonpost.com/busi...2e7894-dc85-11e8-85df-7a6b4d25cfbb_story.html
https://www.washingtonpost.com/busi...it-an-especially-advantageous-time-ask-raise/

This is a joke. Corporations and businesses (and wealthy business owners) almost never raise wages. Many of us have first hand experience. They simply take their profits elsewhere and to the big wheel bonuses. Tiny cost of living raises do not constitute wage rate increases that are meaningful. You believe anything the right wing media says. LOL

 

[Knight_Classes_begin_7pm]

Real wage growth only please. Don't be a sucker.

exactly. Faux news brainwashing

 

[UCFWayne]

This is a joke. Corporations and businesses (and wealthy business owners) almost never raise wages. Many of us have first hand experience. They simply take their profits elsewhere and to the big wheel bonuses. Tiny cost of living raises do not constitute wage rate increases that are meaningful. You believe anything the right wing media says. LOL

i wasnt aware the washingtonpost (one of the sources) was considered right wing media but ok....

 

[UCFKnight85]

i wasnt aware the washingtonpost (one of the sources) was considered right wing media but ok....

You're responding to someone that is totally unworthy of a reply.

 

[UCFWayne]

You're responding to someone that is totally unworthy of a reply.

hes totally crazy. probably didnt even read the post let alone the links but felt the need to reply.

 

[UCFKnight85]

In addition to booming wages, our economy also added a huge 250,000 Jobs this past
Month.

The Admin and Congress have delivered on economic promises.

Even Biden’s former economic advisor is impressed

 

[Husk in butt]

If we can just get the leeches of society working and off welfare we will be really cooking.

 

[Husk in butt]

This is a joke. Corporations and businesses (and wealthy business owners) almost never raise wages. Many of us have first hand experience. They simply take their profits elsewhere and to the big wheel bonuses. Tiny cost of living raises do not constitute wage rate increases that are meaningful. You believe anything the right wing media says. LOL

Must be young and naive. Corporations make more they expand..pay more dividends...hire more...pay more...buy back shares...pay down debt

 

[NinjaKnight]

hes totally crazy. probably didnt even read the post let alone the links but felt the need to reply.

lmao @ wayne, desperately sorting through my posts to report me for anything, yet he personally attacks anyone who disagrees with his insane inbred world view.

Hyporcite.

 

[Husk in butt]

More money = bad

 

[Crazyhole]

Real wage growth only please. Don't be a sucker.

This is real wage growth. More importantly it shows momentum.

 

[fried-chicken]

This is real wage growth. More importantly it shows momentum.

No it's not.

 

[Crazyhole]

No it's not.

Wage growth is outpacing inflation.

 

[UCFKnight85]

Wage growth is outpacing inflation.

It's literally in the tweet I shared from Biden's advisor.

 

[UCFWayne]

tds keeps people from being able to see something that is good for all of america, not just the "red hatters" lol

 

[fried-chicken]

Wage growth is outpacing inflation.

Oh yeah the .7% or whatever not the 3%

 

[Husk in butt]

Triggered because the economy is doing well

 

[Knight_Classes_begin_7pm]

Must be young and naive. Corporations make more they expand..pay more dividends...hire more...pay more...buy back shares...pay down debt

must be sheltered, old, and ignorant. They do not put the extra profit proportionately into wages. That is the problem. It's called greed.

 

[UCFKnight85]

must be sheltered, old, and ignorant. They do not put the extra profit proportionately into wages. That is the problem. It's called greed.

That’s not remotely what he said. You are the master of making some ridiculous comment in response to things never even said.

You know as much about the workings of a company as you do most things: none. A company may choose to spend CAPEX or expand operations with profits and yet you think that’s “greed”.

 

[goodknightfl]

Obama says, Trump didn't do that, I did that.. give me the credit..