BLOOMBERG Bloomberg Real Yield December 9, 2017
We are starting to create jobs, but we are not creating enough decent jobs. Wages are a little weak. 2. 5 is moving in the right direction. This is another example of positive real growth where inflation remains tepid. What people havent talked about is once again the employment to population rate went down with three Percentage Points below where we were in 2008, and that is why there is no wage growth. Full employment is a long way away. There is lots of slack in the economy. I think there is some hidden labor out there. The Participation Rate is down significantly from where it was 4, 5, 6 ...