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Representative David Schweikert - Vice Chairman

Worker Earnings Growth at Recovery High

Worker Earnings Growth at Recovery High

WEEKLY ECONOMIC UPDATE

December 10 – December 14

 

CHART OF THE WEEK

 

Worker Earnings Growth at Recovery High

 

 

Pro-growth policies are working: Since the enactment of the Tax Cuts and Jobs Act, growth in earnings of rank-and-file workers has accelerated to a recovery high, while inflation is below the Fed’s 2 percent inflation target.

 

LAST WEEK

JEC Releases

Chairman Paulsen Cheers Job Creation, Wage Growth (Statement of Friday’s Jobs Report)

The Economy is Generating Record Job Openings (JEC Study)

 

News & Commentary

US Labor Productivity Jumps 2.3% In Q3, Slightly More Than Initially Estimated (Morningstar)

Small Business Optimism Soars on Strong Revenues and Cash Flow (Business Wire)

ISM services index registers second-strongest reading in 13 years (MarketWatch)

U.S. Economic Outlook Is Solid, Says Fed’s Clarida (Wall Street Journal

Latest News