Unemployment Indicators: What’s the missing link?
I don't know when we're going to see this employment-to-population ratio back to where it was prior to the last two recessions. While we have difficulty filling some particularly highly-skilled jobs, broadly speaking there's still considerable flack in the economy, and I think that's why the wages are not accelerating. And though we did get a little bit of good news early this year that wages had "surged" all the way up to 3%, we're a long way from a broad swath of the economy seeing this bump. View the full Q1 US Economic & Credit Trends Outlook webinar for additional insights on the economy and trends in consumer credit. To learn more about this webinar series and to register for an upcoming webinar, be sure to visit http://consumer.equifax.com/USEconomic_CreditTrends.