Consumers power the economy — so what happens now that wage gains are falling?
NBC – In spite of a decades-low unemployment rate of 3.5 percent, analysts say slipping wage gains revealed in the monthly jobs report released Friday indicate that economic growth — which has been heavily dependent on consumer spending in recent months — faces increasing risk.
“The wage growth numbers are the big surprise this month,” said Glassdoor senior economist Daniel Zhao. “They were really disappointing. This signals that the labor market is still not
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