Investment/Economy Thread

**ravenmaniac4life** · 03-12-2019, 11:19 AM

Originally Posted by JAB1985

literally posted 3 hours ago, on fox no less, an article saying the exact opposite...

https://www.foxbusiness.com/markets/...erican-workers

where are you getting your numbers/data?

http://econintersect.com/pages/relea...t=201903120741

and

https://www.bls.gov/news.release/empsit.toc.htm

**ravenmaniac4life** · 03-12-2019, 11:24 AM

I was going to post this last week, but I didn't.

Something else to be happy about...

https://www.adpemploymentreport.com/...uary-2019.aspx

**JAB1985** · 03-12-2019, 11:36 AM

Originally Posted by ravenmaniac4life

http://econintersect.com/pages/relea...t=201903120741

and

https://www.bls.gov/news.release/empsit.toc.htm

The inflation rate seems to be supported, but im still not sure which one youre pulling that 3.5% wage rate from. can you link that report? The report for march wont be released until the first week of april, and the one for February and january were linked in that article. just trying to see where that number came from. if its supported, its good news, but it goes against what that article fox just posted, which would be odd.

**ravenmaniac4life** · 03-12-2019, 11:41 AM

In February, average hourly earnings for all employees on private nonfarm payrolls
rose by 11 cents to $27.66, following a 2-cent gain in January. Over the year, average
hourly earnings have increased by 3.4 percent. Average hourly earnings of private-sector
production and nonsupervisory employees increased by 8 cents to $23.18 in February.
(See tables B-3 and B-8.)

https://www.bls.gov/news.release/empsit.nr0.htm

**blah3** · 03-12-2019, 11:43 AM

Originally Posted by JAB1985

The inflation rate seems to be supported, but im still not sure which one youre pulling that 3.5% wage rate from. can you link that report? The report for march wont be released until the first week of april, and the one for February and january were linked in that article. just trying to see where that number came from. if its supported, its good news, but it goes against what that article fox just posted, which would be odd.

This was in the BLS link, (first link summary)

In February, average hourly earnings for all employees on private nonfarm payrolls
rose by 11 cents to $27.66, following a 2-cent gain in January. Over the year, average
hourly earnings have increased by 3.4 percent. Average hourly earnings of private-sector
production and nonsupervisory employees increased by 8 cents to $23.18 in February.
(See tables B-3 and B-8.)

**ravenmaniac4life** · 03-12-2019, 11:45 AM

Originally Posted by blah3

This was in the BLS link, (first link summary)

In February, average hourly earnings for all employees on private nonfarm payrolls
rose by 11 cents to $27.66, following a 2-cent gain in January. Over the year, average
hourly earnings have increased by 3.4 percent. Average hourly earnings of private-sector
production and nonsupervisory employees increased by 8 cents to $23.18 in February.
(See tables B-3 and B-8.)

thx blah

**JAB1985** · 03-12-2019, 12:17 PM

Originally Posted by blah3

This was in the BLS link, (first link summary)

In February, average hourly earnings for all employees on private nonfarm payrolls
rose by 11 cents to $27.66, following a 2-cent gain in January. Over the year, average
hourly earnings have increased by 3.4 percent. Average hourly earnings of private-sector
production and nonsupervisory employees increased by 8 cents to $23.18 in February.
(See tables B-3 and B-8.)

ok, thanks. was looking for an article specifically on wage growth and that didnt stand out to me.

**blah3** · 03-12-2019, 01:14 PM

Originally Posted by JAB1985

ok, thanks. was looking for an article specifically on wage growth and that didnt stand out to me.

Yeah it's buried near the bottom of that first link.
If you dig further down, the link that says Table B-3 they have average hourly wage from Feb 18 (26.75) and from Feb 19 (27.66). That gives you the 3.4 percent.

I don't know where the Fox numbers come from, but I think they are only looking at full time employees, while the BLS has all employees.

**JAB1985** · 03-12-2019, 02:04 PM

Originally Posted by blah3

Yeah it's buried near the bottom of that first link.
If you dig further down, the link that says Table B-3 they have average hourly wage from Feb 18 (26.75) and from Feb 19 (27.66). That gives you the 3.4 percent.

I don't know where the Fox numbers come from, but I think they are only looking at full time employees, while the BLS has all employees.

Im not sure either, i certainly dont trust them compared to the BLS.

At first I just thought it was the difference between monthly and yearly (up 3.4 over the year, but only 1.3 from the previous month), but it specifically said year to year.

Im thinking theyre using the weekly wages, which actually went down from jan vs the hourly wage which went up. Not sure why they dont correlate, but thats based on their same statistics.
https://www.bls.gov/news.release/pdf/realer.pdf