usmbacker
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Worker pay rate hits highest level since 2008
I know the libs here are depressed over this great news.
Quote:The employment cost index increased 0.6 percent for civilian workers in the three-month period ending in June, according to a Bureau of Labor Statistics release Tuesday. That brought the 12-month rate up to 2.8 percent, the highest level since 2.9 percent in the third quarter of 2008, amid the financial crisis and the Great Recession.
Significant wage gains have been a missing part of the economic recovery, with average hourly earnings increases barely keeping pace with inflation.
Keep reading here...
(This post was last modified: 07-31-2018 07:25 PM by usmbacker.)
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07-31-2018 07:21 PM |
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