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Employment Costs Grow at Slowest Pace Since 1982, But it Might Be a Blip AUGUST 2, 2015 BY LORENZO TANOS
The U.S. employment sector saw its slowest growth in 33 years in the June ending quarter of 2015, but statistics from the Labor Department. This comes amid continued declines in unemployment and mostly solid figures for job creation, and is the smallest increase on record since the Labor Department started tracking the stat in quarter two 1982. In quarter one, or the March ending quarter of 2015, the index was up by a mere 0.7 percent
Meanwhile, consumer sentiment statistics also went down for the month of July, as the University of Michigan consumer sentiment index dropped from 96.1 in June to 93.1 in July. This is still 13.8 percent higher than July 2014’s data. Economists described this metric as being stable, as consumers remain confident that their incomes will rise in the coming two years.
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