Posted: Friday, October 31, 2014 11:53 AM ET
By: Julian Close
The US economy is doing better than most anyone thought: the early Q3 GDP number is 3.5% -- much better than the estimated 3%. If you are less than excited by this news, you can hardly be blamed, given that recent economic growth has somehow occurred in a way that has done nothing to better the lives of 95% of Americans.
Here's a number you might like better. This Friday morning, the Bureau of Labor Statistics released the Employment Cost Index for Q3, and the number, 0.7%, was better than the 0.5% expected. The ECI is considered perhaps... Read More