Welcome to The Times in Plain English   Click to listen highlighted text! Welcome to The Times in Plain English

November 2014: Jobs and Wages Rising

December 7, 2014
Plain English Version
85 years ago, building the Empire State Building in New York City.

85 years ago, building the Empire State Building in New York City.

Experts say the economy might finally be turning around. In November, there were thousands of new jobs. Even better, hourly wages made a big gain.

One said, “The pairing of strong hiring and wage gains shows a healthy economy. We want to see people coming back into the work force. We want them finding the right jobs for them in terms of wages, skills, and hours.”

Lower gas prices are also helping consumers.

The results for December are ahead. However, 2014 is shaping up as the best year for job growth in 15 years. The holiday season looks to be a good one for consumers and retailers.

Some experts are not so sure. They wonder if November is a sign of real change. The growth may just be catching up from the low level of previous years.

The next question is about interest rates. The Federal Reserve has kept the rates near zero. The Fed is always worrying about inflation, which means higher prices. Many economists believe the Fed will raise interest rates sometime during the first half of 2015.

Another good sign is the increase in hiring by manufacturers.

Americans are still worried. The rate of unemployment has dropped from 9.9 percent five years ago to 5.8 percent today. However, experts say unemployment needs to go below 5 percent. If that happens, wages will go up even further.

The lower gas prices will help the economy. A year ago, the average gallon of gas was $3.26. Today, it is $2.77. If prices stay down, the typical family will save about $600 over the next year.

Another  positive sign is that home values are going up.

All in all, November’s news is very good.

Source: The Wall Street Journal December 5, 2014

Print Friendly

In Brief

Sitting, Standing, Moving: The Road to Health 

At some jobs, you stand all day. At some other jobs, you are sitting at a desk. Whether standing or sitting, eight hours of...

Protecting the Unborn and Newborn From Asthma

The number of people with asthma is growing. About 300 million people worldwide have it. About 26 million people in America have it. Only...

Too Many Antibiotics Can Make Children Heavier

Children who use a lot of antibiotics gain more weight than others. The weight they gain may stay with them into adulthood.

A study of...

Enemy of the Day: Sugar

The U.S. government is saying how much sugar we should consume. They suggest that only 10 percent of the average person’s calories should come...


  • dictionary
  • English Dictionary

Double click on any word on the page or type a word:

Powered by DictionaryBox.com
Click to listen highlighted text!