Friday's much-anticipated jobs report could be the final piece of the Federal Reserve puzzle for raising interest rates.
Should the number come in considerably above expectations of about
220,000, many market participants believe the U.S. central bank will
vote to raise interest rates for the first time in more than nine years.
To whatever extent the number shows continued solid job gains, however, there likely will be relatively little consideration given to a less appealing state of the employment picture.
A fresh look released Thursday provides some perspective: For all the talk about the nearly 250,000 jobs a month the economy is creating, workers' real wages, including the cost of living, are going backward. Average pay in real terms slumped 4 percent from 2009-14, according to the National Employment Labor Project.
http://www.nytimes.com/2015/09/04/upshot/this-was-to-be-the-year-of-bigger-wage-gains-its-not.html?_r=1
http://www.kansascity.com/news/business/workplace/article33790386.html
http://www.nelp.org/publication/occupational-wage-declines-since-the-great-recession/
Who is BSing who here?
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