Are you tired of winning yet? Me neither. Here’s some more good news.
U.S. workers are seeing the largest nominal wage increase in a decade, the Labor Department reported Wednesday, as companies compete harder for employees than they did in recent years.
Wages rose 2.9 percent from September 2017 to September 2018, according to the Labor Department’s Employment Cost Index for civilian workers, a widely watched measure of pay that does not take inflation into account.
Yep! Gotta find that dark lining in the silver cloud.
That is the biggest increase — not adjusted for inflation — since the year that ended in September 2008.
Geez. You mean this is better than all of those wonderful Obungler years? Yannow it’s funny that Obumbler is running around taking credit for this while criticizing all of the policies actually responsible for it. And remember, the Dimocrats are opposed to all of those policies as well. Think about that when you vote.
Prices have risen significantly in the past year, especially for gas and rent. Adjusted for inflation, workers’ wages grew 0.6 percent over the year, making the increase the largest since 2016, according to the Labor Department.
Sluggish pay growth has been one of the biggest problems in this recovery, but employers are finally having to hike wages at a more normal level typically seen during good economic times. Unemployment is at a 49-year low and there are more job openings than unemployed Americans, which forces companies to fight for available workers.
Dear Fake News Media. This is what a real recovery looks like not that tepid growth we had during the Oblunder administration that you kept telling us was the new normal.
[Snip]
As Americans head to the polls for the midterm elections next week, consumer confidence is at the highest level since 2000, largely because people think job opportunities are plentiful, the Conference Board’s Consumer Confidence Survey showed Tuesday.
Nope. Still not tired of winning.