Tag Archives: wage growth 2023

The un(der)employment rate leads wage growth: 2023 update  – by New Deal democrat I had already planned on taking an updated look at wage growth today, but there was a little flutter on twitter about job openings and last week’s Q1 wage and benefits data, so that sealed the deal. To wit: as I used to write many times during the last expansion, wage growth is a long lagging indicator. It tends to increase only after unemployment (or even...

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