This is a syndicated repost courtesy of Online Course Notes For Financial Markets and Banking. To view original, click here. Reposted with permission.
The US economy added more jobs in June than expected (213k versus 195k expected). Unemployment remains low at 4%. Labor force participation rate rose slightly to 62.9%.
But average hourly earnings YoY remained at 2.7% YoY.
Liquidity moves markets!Click here to learn how you can follow the money.
The problem is that average hourly earnings YoY was 3.6% YoY when President Obama first took office as President in January 2009. Hourly earnings growth has steadily risen 2010 and has finally grown to the worst month during The Great Recession (June 2008).
It is hard to pick up the economic pieces after a horrific market crash and we appear (after 10 years in the wilderness) to have found our way out.
What happened after The Great Recession? Massive Federal regulation to allegedly prevent a financial crisis happening again. And massive intervention by Central Banks like The Federal Reserve.
At least The Fed’s Target Rate is back to mid-recession levels again.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.