Dow , Nasdaq and S&P Indexs Hit New
All Time Records Friday November 8, 2019
Better Days are On The Way!
Hits 4 Month High
November 11, 2019
The University of Michigan's consumer sentiment for the US edged up to 95.7 in November from 95.5 in October, preliminary data showed.
It is the highest reading in four months, although it came below market expectations of 95.9. Consumers voiced a slightly more positive outlook for the economy, which was offset by a slightly less favorable outlook for their own personal finances.
The consumer expectations sub-index increased to 85.9 from 84.2 while the gauge for current economic conditions declined to 110.9 from 113.2. Inflation expectations for the year ahead remained unchanged at 2.5 percent and those for the next five years increased to 2.4 percent from 2.3 percent.
Wages for U.S. workers grew 3.2 percent over the last year, increasing the average wage level by $0.90 to $28.71 an hour, according to the ADP Research Institute Workforce Vitality Report released Wednesday.
The wage growth of 3.2 percent corresponds to the Bureau of Labor Statistics (BLS) numbers of 2.9 percent, which were released earlier this month (October).
Job switchers receive an average wage increase of 5.1 percent when they moved to a new employer.
Wage growth for job switchers varies significantly across industries (ranging between -3 percent to 10 percent). Construction, Finance, Information, some parts of the Professional Services industry are still outperforming the overall average.