Bear Flag Republic Radio WeblogLiving out on the left coast |
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LIVE webcam Cumbres & Toltec rail yard in Chama, New Mexico.
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Saturday, September 7, 2002
WSJ. Unemployment rate dropped by 0.2 % in August to 5.7%. This was a big surprise for economists who thought it would climb to well over 6%. As it stands, we are only 1.7% from what is considered full employment (~ 4%). Wage growth has slowed in year-on-year terms this year: the increase in August was 3.1%, down from a peak of 4.4% late last year.
Inflation is still averaging around ~1%. [John Robb's Radio Weblog] comments < 8:25:11 PM 
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