U.S. Economy Defies Conventional Wisdom, Enjoys Non-Inflationary Full Employment Growth

The U.S. economy continues with robust employment growth that started in the last quarter of 2009. The Conference Board Employment Trend Index bounced by 5.4 percent—the highest ever—in October 2017, pointing to continued growth in The two recent devastating hurricanes created temporary hiccups, with the promise of boosting the GDP figures as recovery and reconstruction takes place. Despite the robust labor market, wage inflation remains checked, leaving firms with more resources to invest in long-deferred investment employment in the months to come.