- by New Deal democrat
Aside from the fact that it was positive, there were at least three particularly nice positives in the GDP report for Q4 2015:
1. Real residential investment itself, and as a share of GDP, increased:
This typically turns down a year or more before the next recession.
2. Proprietors' income increased.
No graph available yet, but income increased +0.6%. Typically, but not always, corporate profits follow in the same direction. Again, these tend to turn at least one year out from a recession. I also suspect this series is more attuned to domestic consumption that corporate profits is.
3. Median wages increased:
These increased +0.6% and they are up over 2% YoY. Since this is a median, this is a better measure than average hourly wages. The worker at the 50th percentile is doing better.