Bartenders and Temps

By |2014-07-03T13:59:30-04:00July 3rd, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The nominal changes in average pay in the past few months, and really going back to October 2012, are not really consistent with the orthodox idea of a reduction in “slack” in the labor market. By that I mean wage growth has been lagging at the same time the mainstream payroll indication has moved upward. It is certainly possible for [...]