Tomorrow, Friday Dec 5, 2014, one of the most popular monthly economic reports occurs. While many may focus on the headline employment number, expected around mid 200k, the most important part of the report will highly likely go unnoticed, UNLESS it surprises, especially to the upside.
Average Hourly Earnings
Consumers drive our economy and the majority of consumers have had little wage growth in years.
This from the October 2014, Bureau of Labor Statistics (BLS)
IF this part of the report is higher, as was in August…look for higher rates .. sooner, and good news for the Economy!
Fingers Crossed !!!
Have a great day!
John A. Kvale CFA, CFPhttp://www.jkfinancialinc.com http://www.street-cents.com 8222 Douglas Ave # 590 Dallas, TX 75225