Booming: US Wages and Salaries Grow at Fastest Pace in Ten Years, Consumer Confidence Soars Again

[endicom]

Townhall
Guy Benson
Oct. 31, 2018

One of the economic metrics liberals have focused on during the Trump presidency has been wages.  Their argument has been that while other fundamental indicators are undeniably strong, America's growth is failing to help workers and families improve their own take-home pay.  This has been paraded as a failure of tax reform (more on that later), and an indictment of an otherwise-roaring economy.  With the midterms looming, it looks like the naysayers and nitpickers are going to have to smoke out a new pessimistic talking point -- via CNBC:

“Wages and salaries jump by 3.1%, highest level in a decade:” https://t.co/Pt91wgtPA0

— Guy Benson (@guypbenson) October 31, 2018

More... https://townhall.com/tipsheet/guybenson/2018/10/31/booming-us-wages-and-salaries-grow-at-fastest-pace-in-ten-years-n2533679

[Right_in_Virginia]

Wages and salaries jump by 3.1%, highest level in a decade
CNBC, Oct 31, 2018

Employment costs rose more than expected in the third quarter in a sign that more inflation could be brewing in the U.S. economy.
 
The Labor Department's employment cost index rose 0.8 percent for the period, ahead of the estimate of 0.7 percent from economists surveyed by Refinitiv.

Wages and salaries rose 0.9 percent, well ahead of expectations for 0.5 percent. Benefit costs were up 0.4 percent.

On a yearly basis, wages and salaries jumped 3.1 percent, the biggest increase in 10 years.


More:  https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html

[LMAO]

If Trump gets even just one year of greater than 3% GDP on his watch, Obama’s record will stand