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And the trade deficit always goes up when the economy is booming. Economics 101.
Glad to see the affects of 8 years of job growth under Obama are finally kicking inActually, it's the Reagan tax cuts that are finally kicking in. Takes a while.
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.But on the plus side, UST yields are heading up, providing stable, risk-free income for retirees.
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.
Median Income Has Gone Nowhere Since Recession.
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