Capital Economics' Paul Ashworth is taking the view that wage growth is about to pick up.
In a new research note, Ashworth argues that "the
current rates of wage and price inflation may be unusually low, but we are becoming increasingly...
Average weekly work hours in the retail sector have fallen in the past 12 months.
But this is even as employment in the retail sector posted strong gains in the second half of last year, according to Paul Ashworth at Capital...
The year started off with a slew of stronger-than-expected economic numbers that had many economists forecasting a return to trend growth.
But more recently, we got hit with disappointing jobs, retail sales, and manufacturing reports.
The U.S. economy is missing that vital spark that could lead to a virtuous cycle of faster growth and more jobs, said Paul Ashworth, chief U.S. economist for Capital Economics, and the winner of the Forecaster of the Month award from MarketWatch.
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