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Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose 4.2%.
Employees are sharing some of the wealth generated by productivity gains, aided in many cases by automation.
As the second Trump administration begins, people have kept up their spending — but not all for the same reasons.
Some Americans work a second job to make ends meet. Others do it to build up cash or gain experience in a different field.
Unit labor costs are a way to measure productivity relative to workers’ compensation.
Wage growth for the last several months continued to exceed inflation, though there are some signs of cooling.
A new government-directed study casts doubt on the long-held idea that trucking is facing a labor shortage.
Price growth has moderated. Wage growth hasn’t, for the most part.
The Labor Department’s quarterly employment cost index basically tells us how much employers are paying their employees.
The PCE index could come in at the central bank’s much-vaunted target of 2% inflation.