Skyline Advisors
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter
  • us

Partners for Strategic Transactions

Wage Growth Rises at Fastest Rate in Nearly Ten Years

11/7/2018

 
Last week’s economic news showed consumer confidence reaching a sudden 18-year high, lending hope to the possibility of continued economic expansion. Also, worker productivity grew only slightly in October, thanks in part to employers’ need to hire lower-skilled workers. On Friday, the Labor Department announced job growth far exceeded expectations, unemployment held constant, and wage growth also increased.
  • U.S. consumer confidence reached an 18-year high in October, driven mostly by a strong labor market, suggesting economic demand could continue through the near-term. The Conference Board’s monthly consumer confidence index rose to 137.9, up from 135.3 in September and beat economists’ expectations of 136.0. The positive outlook by consumers indicates that the mature economic expansion will continue into 2019 on rising consumer spending and demand.

  • Worker productivity grew only slightly in the third quarter despite strong economic growth and low unemployment. Output per hour for non-farm workers rose 1.3% annually in the third quarter, marking the eighth straight year of growth below 2%. Slower worker productivity growth may translate into slower economic growth in the future. Further, historically low unemployment means that less skilled workers are being hired, potentially placing a further drag on productivity growth.
​
  • The U.S. labor market added 250,000 jobs in October, beating forecasts of 190,000, but the unemployment rate held constant at 3.7%, its fourth straight month under 4.0%, as 711,000 new workers joined the labor force. However, that is hardly the biggest news, as non-farm wages grew by their largest annual rate in nearly 10 years at 3.1% growth. The strong showing of wage growth in the Labor Department’s monthly report may be a sign of Fed-anticipated inflation coming soon.

Comments are closed.

    Archives

    May 2023
    May 2022
    January 2022
    November 2021
    August 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    December 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017

    Categories

    All
    Auto Sales
    Bankruptcies
    Capital Markets
    Confidence
    Corporate Profits
    Debt
    Economy
    GDP
    Holiday
    Housing
    Industrial Production
    Inflation
    Initial Public Offerings
    Interest Rates
    Inventories
    Jobs
    Manufacturing
    Mergers And Acquisitions
    Middle Market
    Prices
    Private Equity
    Productivity
    Retail Spending
    Rural Economy
    Small Business
    Stock Market
    Taxes
    Trade
    Venture Capital
    Wages

    RSS Feed

Picture
​Services involving securities are offered through M&A Securities Group, Inc.4151 N Mulberry Drive Suite 252, Kansas City, MO, 64116  (“MAS") . Services involving real estate brokerage are offered through Berkshire Hathaway HomeServices Ambassador Real Estate ("BHHS"). Skyline Advisors, MAS, and BHHS are separate entities. 
​

COPYRIGHT 2025. Skyline Advisors, LLC. ALL RIGHTS RESERVED.
Virtual Data Room
Company   Services   Team   Transactions   Industries   Reports   News
Photo from inkknife_2000 (8.5 million views +)
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter
  • us