Job growth remains above breakeven levels and the unemployment rate edged down further, which should support the Fed’s expectation for wage growth to trend higher, albeit gradually. Advertisement Continue reading the main story• The unemployment rate was 3.9 percent, the lowest rate since 2000 and a sign that the job market has become even more competitive. % +4 2 0 +2.6% ’08 ’10 ’12 ’14 ’16 ’18 Year-over-year wage growth % +4 2 0 +2.6% ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 ’18 Year-over-year wage growth• The Labor Department revised the job figures for February slightly downward, but revised the numbers for March sharply upward. Advertisement Continue reading the main story• Why thieves love baby formula. (NYT)Advertisement Continue reading the main story• The family dispute behind a lawsuit to prevent Sotheby’s auctioning a piece by Jean-Michel Basquiat.

Source: New York Times May 04, 2018 11:48 UTC