On Thursday, the Atlanta Fed caused a stir by revealing its new forecast of a 5.4% growth in the GDP for the first quarter of 2018 — which, should it prove to be correct, would be the strongest growth since 2009. Friday, more great economic news rolled in: jobs surpassed expectations, wages rose by more than almost a decade, and the unemployment rate continues to be way down.
According to the Bureau of Labor Statistics report released Friday, nonfarm payrolls grew by 200,000 last month — higher than predicted — and wages increased by more than they have since the end of the Great Recession in 2009. The unemployment rate now sits at 4.1%, which matches expectations.
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