More Income for Economy Not Employees -- Optics Nevertheless Suggest First Fed Move in March |
| December 09, 2014 | December 2014 Bond Updates |
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Headlines from the BLS report on November payrolls were focused on the jump in average hourly earnings, to 0.37% m/m from 0.12% m/m in October. The November 0.92% m/m increase in the aggregate payroll index (product of wages and employment) compared to 0.32% m/m gain in October also stands as evidence of more money ready to flow into the consumer economy. |
| View more at: http://www.forbes.com/sites/stevenblitz/2014/12/08/more-income-for-economy-not-employees-optics-nevertheless-suggest-first-fed-move-in-march/ |
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