America’s labour market: Wage growth surges, just in time for the Trump presidency
THE news that average wages grew by 2.9% in December, the final full month of the Obama…
THE news that average wages grew by 2.9% in December, the final full month of the Obama…
IT WAS telling that Germany, a country with a phobia of rising prices, in the first week…
“IT IS fair to say the economy is near maximum employment,” said Janet Yellen, chairman of the…
IN 1977 America’s government gave the Federal Reserve what seems like a straightforward goal: maximum employment. Janet…
IN 1922 Donald Trump’s father, Fred, left high school at 16 to work for a carpenter. He…
IT IS heartening that the euro area has a knack for surviving near-fatal crises. Yet confidence in…
ON A back road in the Llobregat valley west of Barcelona, amid a jumble of old wine-growing…
IF THERE were a list of common complaints about America’s economy, the fact that too few people…
WHEN America’s unemployment was last as low as it has been recently, in early 2007, wages were…
TODAY’S labour market report showed that the American economy created 156,000 net new jobs in August. That…
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