White-collar jobs are leading the way in a potentially historic year for the U.S. economy, but wages still aren't growing.
Derek Thompson
The Atlantic - Oct 3 2014
The U.S. economy added 248,000 jobs in September, pushing the
unemployment rate to 5.9 percent, the first time it's dipped below the
6-percentage floor since July 2008—or more than 320 weeks.
One month is just one month, and, as always, these numbers are
subject to dramatic revisions. But with January through September in the
books, there is enough data from the year for economist Bill McBride
to think about putting champagne on ice, if not quite popping the
corks. The economy is "on pace to be the best year for both total and
private sector job growth since 1999," he writes. The following graph
compares our 2014 trend line with the last 14 years of job creation.*
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