U.S. Economic News
June 8, 2017
U.S. Economic Indicators
Initial jobless claims decreased 10,000 to 245,000 last week. The four-week moving average rose 2,250 to 242,000. DOL Report
U.S. News
Sam Fleming of the Financial Times writes that U.S. employers are having an increasingly difficult time finding skilled workers, which should drive increases in wages and inflation. Although inflation and job growth have been muted in recent months, increasing wage pressures could in turn support the two additional Federal Reserve rate hikes expected this year. FT
The Wall Street Journal reports that President Trump is expected to outline his administration’s new worker-training initiatives next week. The initiatives are expected to include expanded vocational training and apprenticeship programs designed to address the skills gap that has developed in the American labor force. WSJ