U.S. seen adding 230,000 jobs in January
By Jeffry Bartash and Jeffry Bartash
Published: Feb 5, 2015 2:52 p.m. ET
Last Update:
Wages, wages, wages
The big mystery of the current recovery is why wages still haven’t risen much, even with job creation on a big upswing. Average hourly earnings actually fell in December and have risen a measly 1.7% in the past year.
Sure, there’s still millions of people still looking for full-time work, but that alone can’t explain weak wage growth. Economists continue to predict wages will accelerate as unemployment drops toward 5%, but so far it hasn’t happened.
Look for wages to rebound in January, and December’s decline may even be revised higher. Still, annual wage growth has to increase closer to 3% to put the economy on firm footing.
The finer details
Most industries are hiring these days but that could change in January, at least temporarily.
Nooit meegemaakt dat twee van die aardige mannen het er ook mee eens waren...
WASHINGTON (MarketWatch)—Two of the most well-known titans of American business on Wednesday said it was doubtful the Federal Reserve will be able to raise interest rates in the current environment, especially with the stronger dollar.
Jack Welch said it would be “crazy” for the Federal Reserve to hike interest rates in the current economic environment.
“I think it would be ludicrous to raise them right now with the situation we have. We’ve got oil problems…and we’ve got a strong dollar, which is killing exports,” said the former boss of General Electric Corp. GE, +1.33% in an appearance on CNBC on Wednesday