from the San Francisco Fed
-- this post authored by Sylvain Leduc and Daniel J. Wilson
Although the labor market has steadily strengthened, wage growth has remained slow in recent years. This raises the question of whether the wage Phillips curve - the traditional relationship between labor market slack and wage growth - has weakened.
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from the Dallas Fed
-- this post authored by Alexander Chudik, Janet Koech and Mark A. Wynne
Global and U.S. national shocks on average appear to equally explain more than half of the fluctuations in state employment growth, an important measure of assessing real economic activity. The overall assessment, however, conceals a wide variation among states.
Infographic Of The Day: Terraforming 101: How To Make Mars A Habitable Planet
Before we can journey to the stars, we must first go to Mars.
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Written by Sig Silber
NOAA and JAMSTEC have substantially similar but not identical ideas on the ENSO forecast which is the key to the Seasonal Outlook. Both see a "cool" Eastern Equatorial Ocean pattern with NOAA being more optimistic than JAMSTEC that it will be a true La Nina. This results in closer agreement than usual for the temperature and precipitation forecasts for at least the first two Seasons. The details on this are discussed in this report.
Written by Dan Steinbock, Difference Group
In the Xi decade, Chinese transition to the post-industrial society will accelerate, despite the new normal in the world economy.
As the 19th National Congress of the Communist Party of China opened in Beijing, General Secretary Xi Jinping delivered a report about 'building a moderately prosperous society' for a new era.
Written by Lance Roberts, Clarity Financial
Data Analysis Of The Market and Sectors For Traders
20Oct2017 Market Close: Wall Street Rises Along With Tax-cut Hopes, US Dollar Rises To Its Highest L
20Oct2017 Market Update: Wall Street Edges Up Moderately As Progress In Trump's Tax Plan Lifts Inves
20Oct2017 Pre-Market Commentary: Wall Street Futures Up After Senate Clears A Hurdle To Tax Cuts, Tr
ECRI's WLI Growth Index which forecasts economic growth six months forward is remains in expansion. This is compared to RecessionAlerts similar weekly leading index.