WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting ended:. Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate.» Read More
Could wages pick up this year? With Austan Goolsbee, former Chair for Council of Economic Advisers, discusses the correlation between health care costs and wages.
Job growth rose in December and the unemployment rate dropped, but so did wages.
Jan Hatzius, chief economist at Goldman Sachs, says that low wage growth in the U.S. is holding down core price inflation, which will delay a U.S. Federal Reserve rate hike beyond June's meeting.
The drop in wages is at odds with other wage indicators, JPMorgan's chief U.S. economist, Michael Feroli, told CNBC.
Dissecting strong jobs growth and negative wage growth, with Michael Feroli, JPMorgan chief U.S. economist, and Claude Davis, First Financial Bank President and CEO.
CNBC's Mary Thompson provides insight to concerns among traders, and current trading levels in energy and retail.
CNBC.com Finance Editor Jeff Cox breaks down Friday's big jobs number, and tells you which statistics to keep and which to throw away.
CNBC's Steve Liesman shares the real read on December jobs data.
Discussing worries about deflation, with former Mayor of New Orleans Marc Morial, and Ron Christie, CEO of Christie Strategies.
While the U.S. nonfarm payrolls report beat expectations, wage figures disappointed. Themis Themistocleous, head European investment office at UBS, says that they expect the U.S. Federal Reserve to raise interest rates around the middle of 2015.
NEW YORK, Jan 9- U.S. The five-cent drop in average hourly wages in December's employment data, which included a bigger-than-forecast increase in nonfarm payrolls and a decline in the U.S. unemployment rate to 5.6 percent, may delay a Fed rate hike. That keeps the Fed on hold; inflation is low, oil prices are low, the job market is improving but not in all the ways the Fed...
James Bianco, Bianco Research, discusses the health of the U.S. economy and the unintended consequences of Fed policy, with CNBC's Rick Santelli.
Discussing the surge into bonds Jan Hatzius, Goldman Sachs chief economist, provides insight to the global growth picture and the ECB's efforts to lift Europe.
"Despite the fall unemployment there is still quite a bit of slack in the labor market," says Jan Hatzius, Goldman Sachs chief economist, explaining why the labor market is not "back to normal" yet.
WASHINGTON, Jan 9- U.S. job growth increased briskly in December and the jobless rate dropped to a 6-1/ 2 year low, but wages slipped in the latest sign a tightening labor market has yet to give much of a boost to workers. Nonfarm payrolls increased 252,000 last month after an upwardly revised 353,000 jump in November, the Labor Department said on Friday.
Secretary of the U.S. Department of Labor, Tom Perez, reacts to this morning's employment data and discusses the lack of wage gains.
Statistics Canada said on Friday that the unemployment rate had remained unchanged at 6.6 percent. "Full-time employment was quite strong, wages bounced back, and the unemployment rate held steady," said Doug Porter, chief economist at BMO Capital Markets. "It will argue for the Bank just to remain on the sidelines, continuing to monitor data," said Paul Ferley,...
Job kept the pace in December, with the U.S. economy creating 252,000 jobs to close out the year, while the unemployment rate dropped to 5.6 percent.
OTTAWA, Jan 9- Canada's job market continued to cool off in December, shedding 4,300 positions after a loss of 10,700 jobs in November, while the unemployment rate remained at 6.6 percent, Statistics Canada said on Friday. The Bank of Canada, which has kept interest rates at near-record lows for more than four years to stimulate the economy, said last month the labor...
Former Treasury Secretary Larry Summers, says the U.S. is not investing in infrastructure and education like they should. There's work to be done and cheap money is available to do it, says Summers.