Wages Set to Rise in 2016 Report Says
Washington bureau notes wage growth picking up in 2015 and into 2016 as unemployment falls and hiring tightens. Moody's and Atlanta Fed data show median and average pay gains, with stronger increases for full time and educated workers, potentially boosting consumer spending nationwide. California Iowa and Nebraska cities see unemployment declines and industry shifts amid a tightening labor market.
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DaLayne Williamson
Late surge lifts holiday retail demand in 2023 final days
MasterCard Advisors reports 7.9 percent rise in U S retail sales from Black Friday to Christmas Eve excluding autos and gas with women s apparel and furniture leading gains. November December sales up 4.6 percent. Online sales up 20 percent as shoppers research more online.
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Stocks end lower as oil slump drags energy shares
U S stocks closed modestly down on a light trading day as crude oil slumped 3 percent, hitting energy and mining names. Chevron fell 1.8 percent and Consol Energy dropped 9 percent amid anticipated Iran exports. The Dow fell 23.90 points to 17528.27. S&P 500 and Nasdaq also slipped.
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