◀ The Principal Blog

August Jobs Report – Will it be Enough?



The August jobs report showed another month of positive job growth, adding 173,000 jobs, but that number was below the 220,000 expected. The unemployment rate fell to 5.1% and the labor force participation rate remained at 62.6%. The question is whether or not this report will be enough for the…

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New Research on the Relationship between Wages and Inflation: Looking at Other Indicators



During the 1970s, economic research focused on the problem of the day — high inflation. And, wages were increasing at the same time as inflation. Economic theory had a nice explanation for this relationship – higher wages were passed through to consumers via higher prices. As inflation picked…

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