Economic Update - August 2017
Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank.
By many accounts the United States labor market is booming. In July, the labor market posted its 82nd straight month of job creation and the unemployment rate fell to a 16-year low of 4.3 percent. However, despite these strong results, one important ingredient has been missing – wage growth. As the unemployment rate continues to remain low and an increasing number of businesses struggle to find qualified talent, wages should be rising – but, they haven’t. This is a concerning trend not only for economists, but for everyday Americans who feel the effect in their pocketbook.
Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank, to get his insight into what may be holding back wage growth and what he sees going forward.
Not all content on this page originates from Zions Bank. Links on this page may redirect you to other websites with different levels of privacy and security from Zions Bank. Zions Bank does not endorse or guarantee the privacy, security, accuracy, or performance of those sites, or the information, products, or services expressed or offered on those sites.
Content is offered for informational purposes only and should not be construed as tax, legal, financial or business advice. Please contact a professional about your specific needs and advice. Content may contain trademarks or trade names owned by parties who are not affiliated with Zions Bancorporation, N.A. Use of such marks does not imply any sponsorship by or affiliation with third parties, and Zions Bancorporation, N.A. does not claim any ownership of or make representations about products and services offered under or associated with such marks.