December Payroll Report Ignites Hopes Of Wage Acceleration – How Justified?

posted in: Economy | 0

The last time average hourly earnings of U.S. private-sector employees grew with a three handle was April 2009 … means in the current recovery wages are yet to print growth of three percent.  December came close, with a year-over-year increase … Continued

Low Capacity Utilization Dissuades Businesses From Aggressive Capex Plans

posted in: Credit, Economy | 0

U.S. capex continues to let down. May’s revised figures for new orders for non-defense capital goods ex-aircraft – proxy for business capital expenditures – were published on Tuesday, and there was not much change in the trend. Orders fell 0.5 … Continued