Tuesday, February 13, 2018

Big Data this Week CPI and PPI

Former Representative Scott Garrett Heading for the Securities and Exchange Commission

February 11,2018
the staff of the Ridgewood blog

Ridgewood NJ, Former Representative Scott Garrett, the New Jersey Republican whose bid to become chairman of the Export-Import Bank failed last year after the Senate Banking Committee rejected his nomination, to lead the agency that Garrett had criticized for corrupt practices and cronyism.

The former Representative has been tapped to work as a senior adviser to Securities and Exchange Commission Chairman Jay Clayton, according to unnamed sources at the SEC. While he was a lawmaker, Garrett was also a critic of the SEC after it dropped the ball in 2008 and served as chairman of the House Financial Services subcommittee on capital markets.

Friday, February 02, 2018

Wages Rose at the Fastest Annual Pace Since the Recession Ended

February 2,2018

Washington DC, U.S. hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy’s steady move toward full employment extended into 2018.

Nonfarm payrolls rose 200,000 -- compared with the median estimate of economists for a 180,000 increase -- after an upwardly revised 160,000 advance, Labor Department figures showed Friday. The jobless rate held at 4.1 percent, matching the lowest since 2000, while average hourly earnings rose a more-than-expected 2.9 percent from a year earlier, the most since June 2009.

Average hourly earnings rose 0.3 percent from the prior month following an upwardly revised 0.4 percent gain, the report showed. The 2.9 advance from a year earlier -- which partly reflected a downward revision to the January 2017 wage figure -- compared with projections for a 2.6 percent increase. December’s gain was revised upward to 2.7 percent.