Forbes: How The June Jobs Report Could Affect Your Finances

Posted on by Phil Querin

JUL 7, 2018 @ 12:12 PM 233 How The June Jobs Report Could Affect Your Finances Teresa Ghilarducci , CONTRIBUTOR  I am an economics professor focusing on retirement security and jobs.  Opinions expressed by Forbes Contributors are their own.

The June report was a doozy. If labor markets remain tight and wages don’t increase, profits will soar and that would be good for stock prices and your retirement plans. Right? Not so fast.

Being able to save for retirement depends more on wages than rates of return, and a backlash against workers being left behind could destabilize markets. The dynamics depend on how answer to this puzzling question:

How can the labor market be so tight and wage growth so flat?  [MORE: Go to link here.]

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