Report: Growth in Jobs, GDP Not Yet Accompanied by Rise in Purchasing Power

On the surface, the news is good. October non-farm numbers from the Bureau of Labor Statistics show 204,000 total job gains, and job revisions were revised upward by 60,000 for the two prior months. The third-quarter Gross Domestic Product (GDP) report showed 2.8 percent growth, a marked contrast to the paltry 0.1 percent growth in… more »