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