The New York Federal Reserve claims 90% of the tariff burden is being shouldered by US firms and consumers, but the White House disagrees. Joining us now, White House National Economic Council Director Kevin Hasset. This will be uh Kevin, good to see you.This will be a continuation of a a discussion we had yesterday with uh Ambassador uh with our trade representative Jameson Greer. And we we talked about the whether something's regressive. Uh but we'll we'll try to get in into all of this.Uh and >> we saw a ...

The report, scheduled for Friday, would have provided data on job growth, unemployment and wages in January. ...

More than 30,000 nurses and health care professionals are going on strike at Kaiser Permanente facilities in California and Hawaii. The workers union says they are calling for fairer wages and more staffing. Kaiser said in a statement in part that it remains willing to reach an agreement with the union.The union says the strike will affect more than two dozen hospitals and hundreds of clinics. Kaiser says there are plans in place to make sure patients can still get the care they. ...

Labor Market Analysis - Initial market reaction to slightly higher than expected unemployment rate was quickly reassessed [1] - Labor force participation rate increase mitigates concerns about the unemployment rate [2] - November payroll number of 64,000 was close to expectations, and another payroll report before the January meeting will further diminish the importance of these figures [2] Consumer Spending and Earnings - Retail sales control group number was strong, indicating healthy consumer spending [3] - Average hourly earnings, while slightly weaker month-over-month, still show a 35% year-over-year increase, suggesting continued wage growth [3] - Real incomes and the wealth effect are supporting consumption, driving market movement [4] Monetary Policy and Bond Market - Potential Federal Reserve rate cuts, possibly starting in March, combined with fiscal stimulus, could lead to a sell-off at the long end of the yield curve [4] - Bond market signals that while the Fed controls the short end, the long end reacts to better growth, sticky inflation, and high capital demand, pushing up the term premium [5] - Average hourly earnings growth of 35% year-over-year is the slowest pace since May 2021, influencing CPI expectations [6] Inflation and Tariffs - Inflation data, particularly CPI, is crucial for assessing the Federal Reserve's policy pivot [6][7] - Tariff-related components are seen as drivers of underlying inflation stickiness, with the key question being whether this is a one-off event or an ongoing inflationary process [8] - There is a consensus that tariff inflation should be a one-off event, with wages being a more critical factor in the process of inflation [9] - Wage growth, while still present, is also showing signs of slowing down [9]

The Bank of Japan indicated further progress on wages, a key consideration that effectively cements the case for a rate hike this week https://t.co/ZziMCkdH09 ...

Even high earners in the U.S. feel the pressure to have two incomes. More than 60% of six figure earners, say one income feels nearly impossible to live on. 26% of U.S. households report their basic needs take up more than 90% of their income, and it takes two working parents to afford a middle class lifestyle.Households where the husband is the single breadwinner have been steadily declining since 1986. In 2024, nearly half of households had both spouses working outside of the home, and that number rose to ...

While the debate on wages rages on, the federal minimum wage has been the same since 2009. Here are some of the major pros and cons of raising the minimum wage. https://t.co/VAQFHqJ9oh ...

Core Insights - The article highlights that stocks and bonds are expected to respond to new data regarding job openings, wages, and perceptions of the labor market [1] Group 1: Job Openings - New data on job openings will influence market reactions, indicating potential shifts in employment trends [1] Group 2: Wages - Information on wages is crucial as it reflects the purchasing power of consumers and can impact inflation expectations [1] Group 3: Labor Market Perceptions - Perceptions of the labor market will also play a significant role in shaping investor sentiment and market dynamics [1]

US inflation-adjusted wages stagnated for second-straight month, indicating a cooling labor market and continued price increases are limiting consumers’ spending power https://t.co/U8BI7UDSxX ...

RT Nick Szabo (@NickSzabo4)@shagbark_hick Many families where the men do work hard at jobs live under not much better conditions. The high wages paid in the U.S. between the 1950s and the 1980s have largely gone away, especially for young couples, leaving them living in a high-tech version of 1915. ...