Hourly Wages Gain 3% Year-over-Year - Adviser Investments

Hourly Wages Gain 3% Year-over-Year

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Friday, December 7. Major U.S. indexes closed the week with continued losses: The Dow Jones Industrial Average, S&P 500 and NASDAQ dropped 2.2%, 2.3% and 3.1%, respectively. Meanwhile, the Bureau of Labor Statistics released November data, with the 155,000 new jobs created falling short of the 198,000 forecast. Hourly wages grew 0.2% month-over-month and 3.1% year-over-year.

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