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Excerpt from CNBC quoting DataTrek's Nick Colas:
.... "In addition to the slowing gains in hourly wages, weekly earnings rose just 2.6%.
That’s the result of “workers oddly reluctant to demand higher wages despite low unemployment rate,” said Nick Colas, co-founder of DataTrek Research"....
Read the full article here on CNBC!
Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.
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