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  • Why Are Americans Unhappy About the ‘Thriving’ Economy? — 5 Reasons Behind the Economic Gloom

    01/21/2024 10:44:48 PM PST · by where's_the_Outrage? · 49 replies
    Adam Palasciano ^ | Jan 20, 2024 | Adam Palasciano
    ith the economy apparently on the up and up post-pandemic, some Americans find themselves unhappy with the current state of affairs. The Financial Times reported that only 14% of American voters believe they are better off financially now than when Joe Biden took office, according to a recent poll. At the same time, nearly 70% of voters thought Biden’s economic policies had either hurt the U.S. economy or had no impact. Just 26% of respondents said his policies had helped. Despite these views, the unemployment rate was recently as low as 3.9%, wage inequality has decreased over the past three...
  • Employment Cost Index rises more than expected in Q2

    07/29/2022 7:30:36 AM PDT · by ConservativeInPA · 7 replies
    Seeking Alpha ^ | July 29, 2022 | Max Gottlich
    - Q2 Employment Cost Index: +1.3% Q/Q vs. +1.2% consensus and +1.4% prior. - Wages and salaries climbed 1.4% and benefit costs increased 1.2% during the second quarter. - Compensation costs for civilian workers rose 5.1% for the year ended June, up from +3.2% for the year ended June 2021. Among private industry occupational group, compensation cost for the 12-month period ended June ranged from +4.3% for natural resources, construction, and maintenance occupations to +8.0% for service occupations.