Federal Reserve Chair Janet Yellen says wage gains remain slow and that’s a sign there’s plenty of slack in the labor market. Some Wall Street economists disagree.
The unemployment rate will fall to 8 percent by the end of next year as more baby boomers retire each month, said Dean Maki, chief U.S. economist at Barclays Capital in New York.
Donna Cicerone and her husband Paul want to put their three-bedroom home in Milton, Massachusetts, on the market. First, they have to find a house to buy.
The strength of the U.S. recovery depends on whether Barclays Capital Inc. economist Dean Maki or Decision Economics Inc.’s Allen Sinai is right about business investment translating into hiring.
"We expect a relatively flat trend in the coming months as some discouraged workers reenter the labor force, but are roughly offset by further retirements among the baby boomers."
- Dean Maki on Aug 01, 2014
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