Market Week: February 06, 2023
With about half of market capitalization reporting, our current estimate for 4Q22 S&P 500 operating earnings (EPS) is $50.48, representing a y/y decline of 11.0% and a q/q increase of 0.3%.
With about half of market capitalization reporting, our current estimate for 4Q22 S&P 500 operating earnings (EPS) is $50.48, representing a y/y decline of 11.0% and a q/q increase of 0.3%.
While the federal minimum wage will likely remain unchanged from $7.25, 27 states and D.C. planned state minimum wage increases for 2023.
With a still-tight labor market and expectations for rising real income in the coming months, it’s not clear the economy is headed towards recession just yet.