Companies have finally begun taking on staff in consistently greater numbers, half a decade after the end of a deep recession brought on by one of the most punishing financial crises in history.
What companies haven’t been doing yet is offering consistently greater pay.
That means an urge to start bringing forward expectations for when the U.S. Federal Reserve will begin raising interest rates might be premature.
Chosen excerpts by Job Market Monitor. Read the whole story at U.S. hiring may be rebounding, but wage growth is not | MacroScope.
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Pingback: Wages in US – Post Great-Recession wage declines were especially pronounced for maids and housekeeping cleaners, home health aides, personal care aides, food preparation workers and restaurant cooks | Job Market Monitor - August 31, 2014