Archive for the ‘Wages’ Category

It’s all connected…4 referrals from today’s papers.

August 19th, 2016

Three articles, one blog post. First, Dean Baker points to this great Bloomberg article by former Fed regional bank pres Narayana Kocherlakota (NK) on how, since black unemployment typical runs 2x the overall rate, Fed policy is especially consequential for them (and other minorities). It’s really just the old adage that when the economy sniffles, less… Read more

That second quarter GDP report: should we be worried?

August 1st, 2016

I didn’t much like that GDP report from last Friday, showing that the economy expanded at an annual rate of 1.2% in the second quarter. OTEers know my methods: I prefer to smooth out the quarterly noise by looking at year-over-year trends. However, as the figure below shows, that doesn’t help so much. In fact,… Read more

What’s UP with wages?

July 12th, 2016

I stumbled on three, count ‘em, pieces on wage growth in the papers this AM. –Catherine Rampell on recent wage growth and how it might help the incumbent party keep the White House. –Starbucks says the tight job market is leading them to increase compensation. –JPMorgan Chase’s Chairman Jamie Dimon is giving his employees a… Read more

The Atlanta Fed Wage Tracker: What’s it saying re wage growth and the Fed?

May 26th, 2016

As OTEers know, I track various measures of wage and compensation growth. Five—count ‘em!—show up in the wage mashup, recently updated. One increasingly popular series I’ve not included is the Atlanta’s Fed Wage Tracker (FWT). It’s an interesting and useful contribution, so let me make a few points about this series: what it shows, why it doesn’t… Read more