, althoughittle softer i think there is a lot of noise in the summer the economy is in , very good safe. Economists would call it a robust economy with growth of 3 plus at least for the last two quarters, despite these rather disappointing employment numbers. I think we are past the crisis. We are still getting a lot of distortions out there, but the underlying economy is strong. Whats worrisome is the decline in unemployment happened for the wrong reasons. We saw a pretty big drop in participation rates. This could be noise related to the hurricanes. The job number is noisy. Still pretty good numbers in there. Down to 4. 1 unemployment. Numberu look at the u6 down 1. 5 for the year, we are , bringing a lot of people back into the workforce. Wages are accelerating. We think that is important. We think wages are going to move beyond levels that economy tremendously high because of automation and technology. But it is real wage acceleration. So it just allows them we think theyre going t
Think softer, we still the economy is in good shape. Economists would call it a robust economy with growth of 3 plus at least for the last two quarters, despite these rather disappointing employment numbers. I think we are past the crisis. We are still getting a lot of distortions out there, but the underlying economy is strong. Whats worrisome is the decline in unemployment happened for the wrong reasons. We saw a pretty big drop in participation rates. This could be noise related to the hurricanes. The job number is noisy. Still pretty good numbers in there. Down to 4. 1 unemployment. When you look at the u6 number down 1. 5 for the year, we are bringing a lot of people back into the workforce. Wages are accelerating. I think that is important. We dont think wages are going to move beyond levels that economy tremendously high because of automation and technology. But it is real wage acceleration. So it just allows them we think theyre going to go in december, two to three times next
The number. The economy is in very good safe. We have a robust economy with growth of 3 plus at least for the last two quarters, despite these rather disappointing unemployment numbers. I think we are past the crisis. Getting a lot of distortions out there, but the underlying economy is strong. Whats worrisome is the decline in unemployment happened for the wrong reasons. We saw pretty big drop in participation rates. This could be noise related to the hurricane. The job number is noisy. Down to 4. 1 unemployment. When you look at the u six number, down 1. 5 for the year, we are bringing a lot of people back into the workforce. Wages are accelerating. We dont think wages are going to move beyond levels that economy tremendously high because of automation technology. But it is real wage acceleration. So it just allows them we think theyre going to go in december, two to three times next year, probably three times. Jonathan joining me is Matt Hornbach and priya misra and Nick Gartside. I
Bit softer, although think there is a lot of noise in the summer, we think the economy is in good shape. Economists would call it a robust economy with growth of 3 plus at least for the last two quarters, despite these rather disappointing employment numbers. I think we are past the crisis. We are still getting a lot of distortions out there, but the underlying economy is strong. Whats worrisome is the decline in unemployment happened for the wrong reasons. We saw a pretty big drop in participation rates. This could be noise related to the hurricanes. The job number is noisy. Still pretty good numbers in there. Down to 4. 1 unemployment. When you look at the u6 number down 1. 5 for the year, we are bringing a lot of people back into the workforce. Wages are accelerating. I think there is something that is important. We dont think wages are going to move beyond levels that economy tremendously high because of automation and technology. But it is real wage acceleration. So it just allows
Despite the summer being a little softer, we still think the economy is in good shape. Economists would call it a robust economy with growth of 3 plus at least for the last two quarters, despite these rather disappointing employment numbers. I think we are past the crisis. We are still getting a lot of distortions out there, but the underlying economy is strong. Whats worrisome is the decline in unemployment happened for the wrong reasons. We saw a pretty big drop in participation rates. This could be noise related to the hurricanes. The job number is noisy. Still pretty good numbers in there. Down to 4. 1 unemployment. When you look at the u6 number down 1. 5 for the year, we are bringing a lot of people back into the workforce. Wages are accelerating. I think that is important. We dont think wages are going to move beyond levels that economy tremendously high because of automation and technology. But it is real wage acceleration. So it just allows them we think theyre going to go in