Listen: David, New York, Julia Coronado discussed on Morning Edition
"Thirty seven T. Rowe price invest with confidence I'm David run casually New York there's news this morning that a hundred and thirty six thousand more people were on payrolls last month that is in line with expectations and assign the U. S. economy continues to churn along despite falling business investment and weaker consumer spending as the summer came to an end that is from counting payrolls a household survey also finds the unemployment rate falling to three and a half percent the lowest since nineteen sixty nine fresh reports from the labor department in hand let's turn to Julia Coronado at macro policy perspectives in New York good morning. good morning. well hiring still looks okay yeah hiring so it's okay we solve the expected weakness in manufacturing which launched two thousand jobs but the service sector and the government sector continued to add jobs at a decent pace so overall it's a clean bill of health. yeah I said if you're working in retail at lost eleven thousand jobs it's been a mess in retail as we've been reporting yes retail has been shedding workers for more than a year now and it certainly still the retail apocalypse is on going with reason bankruptcies and store clothing no wages average hourly earnings is the term of art flat essentially month to month statistically that's not super fabulous if you are a wage earner. now in its a conflicting signals so with the unemployment rate is so low we should the upward pressure on wages and yet we see the opposite we see wage growth moderating up from a strong start to the year even as the unemployment rate falls so a little bit of a slowdown in take home pay all right that is economist Julia Coronado IT macro policy perspectives thank you very much my pleasure. houses percolating out into the market swell the Dow."