{"id":381336,"date":"2018-10-17T12:06:37","date_gmt":"2018-10-17T11:06:37","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/currently-7-million-job-openings-third-quarter-wage-gains-3-3\/"},"modified":"2018-10-17T12:06:37","modified_gmt":"2018-10-17T11:06:37","slug":"currently-7-million-job-openings-third-quarter-wage-gains-3-3","status":"publish","type":"post","link":"https:\/\/rinf.com\/alt-news\/newswire\/currently-7-million-job-openings-third-quarter-wage-gains-3-3\/","title":{"rendered":"Currently 7+ Million Job Openings \u2013 Third Quarter Wage Gains +3.3%\u2026."},"content":{"rendered":"
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<\/p>\n

The Last Refuge<\/a><\/strong>
October 17, 2018<\/p>\n

The Bureau of Labor Statistics has released some remarkable economic data today. There are more than seven million current job openings [See Here<\/a>] and the year-over-year average wage gains are 3.3% [See Here<\/a>]<\/strong><\/p>\n

\"\"<\/a>(BLS Table A \u2013 Source Link<\/a>)<\/p>\n

\"\"<\/a><\/p>\n

For more than three decades all U.S. economic policy was elevating Wall Street and diminishing Main Street. As a result the middle America blue-collar workers have not had wage gains keeping up with inflation for over 30 years\u2026. Then came the era of Trump<\/em>.<\/p>\n

More than two years ago<\/a> CTH began discussing the ramifications to a new emphasis on the econom<\/a>y outlined as a possibility of candidate Donald Trump\u2019s economic policy<\/a> outlook. Within the overall discussion we walked through the anticipated changes<\/a> possible if A.) Trump won the election, and B.) Trump began instituting Main Street economic policy<\/a>ahead of Wall Street policy (the past 30+ years).<\/p>\n

We discussed the new dimension<\/a> that would occur between two economic engines (Main Street -vs- Wall Street) as three decades of policy shifted. CTH outlined statistical and measurable KPIs that would become visible in the space between the policy shifts.<\/p>\n

Part of those discussions<\/a> focused on energy costs, product costs (we explained how inflation would be weird), and importantly, wage rates<\/strong>. It takes several months of policy emphasis (actual outcomes), before the labor market wage rates would grow. We anticipated seeing that policy impact in Q2 of 2018, which was April-June 2018.\u00a0 When the BLS released their second quarter analysis of wage and benefit rates for American workers \u2013SEE HERE<\/a>\u2013\u00a0 the rate of growth was 2.8%<\/strong>, the fastest increase in a decade.<\/p>\n

At the end of the second quarter we shared the opinion that it was only the beginning<\/a> of what was to come.\u00a0 Well, overall wage rate growth in Q3 has now climbed to 3.3%<\/strong><\/p>\n

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BLS<\/a> \u2013 Median weekly earnings of the nation\u2019s…<\/p>\n<\/blockquote>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Last RefugeOctober 17, 2018 The Bureau of Labor Statistics has released some remarkable economic data today. There are more than seven million current job openings [See Here] and the year-over-year average wage gains are 3.3% [See Here] (BLS Table A \u2013 Source Link) For more than three decades all U.S. economic policy was elevating […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-381336","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/381336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=381336"}],"version-history":[{"count":0,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/381336\/revisions"}],"wp:attachment":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=381336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=381336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=381336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}