Friday, November 7, 2014
Latest Employment Report By BLS Is Positive
Calculated risk provides the details on the latest report from the BLS. It shows a steady growth in jobs and slight decline in the unemployment rate. The labor market participation rate is up to 59.7% which is its highest level since July, 2009. The only negative in the report is that wage growth has been slow. Employers have not been forced to raise wages in order to attract new workers. More detail on low wage growth is provided in one of my posts below. Job growth has been more rapid in low wage service sector jobs than in higher wage sectors.