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Wages and benefits Surged 0.8 Percent in the First Quarter, Most in a Decade

By MisterLefty following x   2018 Apr 27, 2:35pm 1,023 views   13 comments   watch   sfw   quote     share    


EMPLOYMENT COST INDEX – March 2018
Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in March 2018, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. (See chart 1 and tables A, 1, 2, and 3.)

Civilian Workers

Compensation costs for civilian workers increased 2.7 percent for the 12-month period ending in March 2018 compared with a compensation costs increase of 2.4 percent in March 2017. Wages and salaries increased 2.7 percent for the 12-month period ending in March 2018 and increased 2.5 percent for the 12-month period ending in March 2017. Benefit costs increased 2.6 percent for the 12-month period ending in March 2018. In March 2017, the increase was 2.2 percent. (See chart 2 and tables A, 4, 8, and 12.)

Private Industry Workers
Compensation costs for private industry workers increased 2.8 percent over the year, a larger increase than the 2.3-percent increase in March 2017. Wages and salaries increased 2.9 percent for the current 12-month period and increased 2.6 percent in March 2017. The cost of benefits rose 2.5 percent for the 12-month period ending in March 2018 and increased 1.9 percent in March 2017. (See charts 3 and 4 and tables A, 5, 9, and 12.)

https://www.bls.gov/news.release/pdf/eci.pdf

1   Heraclitusstudent   ignore (0)   2018 Apr 27, 6:00pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

0.8% by dumping enough trillions of debt money into the US economy....
And oh... a lot of it leaked into the trade deficit. Oh well.
2   TrumpingTits   ignore (0)   2018 Apr 28, 8:56am   ↑ like (0)   ↓ dislike (0)   quote   flag        

So, the Establishment-controlled CBO flat out LIED, then.

Got it.
3   anotheraccount   ignore (1)   2018 Apr 28, 9:53am   ↑ like (0)   ↓ dislike (0)   quote   flag        

WarrenTheApe says
And the trade deficit always goes up when the economy is booming. Economics 101.


Trade usually goes up. Deficit does not have to. Germany is getting a bigger surplus. That's Econ 101 for you.
4   TrumpingTits   ignore (0)   2018 Apr 28, 2:53pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anotheraccount says
Trade usually goes up. Deficit does not have to. Germany is getting a bigger surplus. That's Econ 101 for you


Germany doesn't have the world's reserve currency. That alone requires the US to run trade deficits. Also, Germany has no choice but to export. Same for South Korea. This is because neither has massive domestic markets than the US does. And most of Germany's exports go to the EU, which is a surrogate domestic market for it.

Nations that produce predominately for their own, large consumer economies always have trade deficits when their economies are booming because a) they produce most of what they need/want domestically and b) import the rest, which is just a small % amount of GDP. US trade (this is imports/exports of goods combined) as a percentage of GDP has historically just been a measily 12% or so in the last twenty five years. Since 2016, it is dropped to 8% and is still dropping because of drastic reductions in oil imports.

This is why the trade deficit in the US is STILL down from prior years despite it rising recently. Again, because we are no longer importing oil and will soon even be a net oil exporter. Same with LNG.

That's facts and logic for you...made possible with my understanding of Economics 101 that go beyond your passing familiarity with just some buzz words. Translation: Had you had an ACTUAL understanding of economics, you would have never have posted what you did nor would I have been able to rip it to pieces so easily as I did.
5   marcus   ignore (4)   2018 Apr 28, 2:59pm   ↑ like (1)   ↓ dislike (3)   quote   flag        

Is this real ? OR does Trump have friends in the bureau of labor and statistics where they calculate this.

Glad to see the affects of 8 years of job growth under Obama are finally kicking in
6   Quigley   ignore (0)   2018 May 24, 6:05pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

If your business model doesn’t allow for paying your workers at least $15/hour, you need to either revise your model or close up shop, as the returns are just too measly to bother with and you’re wasting your time with it.
And yes, if you aren’t paying yourself at least this much, in addition to social security, you should quit doing it. Someone else will provide whatever service you are providing, and probably do it better.
7   APOCALYPSEFUCKisShostikovitch   ignore (34)   2018 May 24, 6:05pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

This fucking cunt is fucking with shareholders.

A real PRECEDENT! will be calling out the National Guard to stop this egregious theft of SHAREHOLDER! VALUE!
8   PrivilegedtobeWhite   ignore (1)   2018 Jun 10, 8:36am   ↑ like (0)   ↓ dislike (0)   quote   flag        

marcus says
Glad to see the affects of 8 years of job growth under Obama are finally kicking in
Actually, it's the Reagan tax cuts that are finally kicking in. Takes a while.
9   marcus   ignore (4)   2018 Jun 10, 8:57am   ↑ like (1)   ↓ dislike (0)   quote   flag        

I've said all along that I feared inflation is Trumps highest goal. It's probably a big part of his reason for the tarrifs.

He owns a lot of highly leveraged assets.
10   HEYYOU   ignore (18)   2018 Jun 10, 10:32am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Great news for those with pay increases.
Republicans say they cut taxes,give you a raise,you pay more taxes.
11   MisterLefty   ignore (0)   2018 Jun 10, 2:52pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

marcus says
I've said all along that I feared inflation is Trumps highest goal. It's probably a big part of his reason for the tarrifs.

He owns a lot of highly leveraged assets.
But on the plus side, UST yields are heading up, providing stable, risk-free income for retirees.
12   bob2356   ignore (2)   2018 Jun 10, 6:15pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

MisterLefty says
But on the plus side, UST yields are heading up, providing stable, risk-free income for retirees.


I've been wondering about that. SS surpluses have been shrinking steadily sending more Tbills into the financail markets. Something like 2024 there will be no surplus. Not only will every cent of government borrwoing be in the financial markets, SS will have to start redeeming it's tbills which will be even more borrowing on the markets. There is going to be a lot more pressure on tbill yeilds without the SS buffer. I haven't seen anyone do any kind of analysis about this.
13   Booger   ignore (1)   2018 Jun 10, 7:42pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Feux Follets says
Median Income Has Gone Nowhere Since Recession
.

That's because you have to change employers to get a raise. Everybody knows this.




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