Michael L Frank, MBA’s Post

A story on how things are "fixed" and passed onto the BLS.gov . See video links below (Ref[1]). Not the first time I heard similar stories but always "interesting" how financial institutions are blindly using "official" numbers as if they really capture reality when they are politically manipulated numbers (Ref[2]). References: 1a- Video link 1: https://lnkd.in/e78f-_2T 1b- Video link 2: https://lnkd.in/eSqT7dth 2- https://lnkd.in/eKpmAT7y 3- Recent and upcoming methodology changes for the CPI: 2023 https://lnkd.in/e9Gfy9Ri

Discussed on Newsmax recent proposals by California Democrats to raise the minimum wage to $50 (segment starts @ 52.00). Their main rationale for the wage increase is actually the best rationale against it. Their rationale is that the wage increase is needed because prices in CA are so high people have to cut back on purchases. Well wouldn’t you know, turns out that is true for employers too. If wages are high they will have to cut back on labor. The end result is the lowest skilled and poorest getting hurt by not finding employment.

A big one on NFP today. Higher rates and higher for longer? Well while we just see a number a lot goes into preparing this report. To know more check this video Keep the feedback coming Good Weekend!

WAS THE NFP REPORT FULL OF "FAKE NEWS"? The January report made for an extraordinary hawkish report on the surface, but it was full of data flaws. The weather wreaked havoc with the wage growth numbers, while the BLS is still stuck with a flawed seasonal adjustment method. Bottomline: Is the job growth re-accelerating? No Is wage growth re-accelerating? No It may be later this year, but not for now. Read more about it here -> https://lnkd.in/d6Wvhsz7

Biggest adjustment in 15 years https://lnkd.in/g_XaKPu4

Reviewing commercial or workers compensation risk? Take a holistic look at what's happening at quote and rule. Is the risk within your appetite? Bind it sub-second. Scale your book. Lets talk about how Carpe Data can help.

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Hey everyone, did you catch the latest article on The Sun about the slowing wage growth and cooling job market? Wondering what this means for your finances? Check out the insights in the article. Stay informed and stay on top of your money game. #WageGrowth #JobMarket #FinancialInsights https://ift.tt/nfvq7P8

Americans keep getting more productive, but wages haven’t grown as quickly. The Labor Department reported that nonfarm business sector labor productivity increased at a 3.2% annualized rate in the last three months of the year, which was far more productive than expected. Output increased 3.5%, and hours worked increased 0.3%. Throughout 2023, labor productivity increased by 1.3%, and inflation-adjusted wages rose only 0.1% after declining -4.1% in 2022 and -0.3% in 2021. #costofliving #wagegrowth #wages #costoflivingcrisis #inequality #economy #business #money #stocks #investing #sharescoops #stakeholdercapitalism #stakeholderadvocacy #corporatetransparency #corporateaccountability

Discover how 2024's #meritpay increases are being shaped by inflation and labor market trends. Uncover the crucial #compensation takeaways from WorldatWork's recent study! Access now: https://bit.ly/42N76wT