US – The second stretch of economic expansion in a row that has come with little to no growth in real wages

The private sector has now added 10.3 million jobs for 55 straight months, the longest streak on record. Today’s report is all but certain to show tens of thousands more jobs added in October, pushing the streak still further.

But wages over that period have barely outpaced the rate of inflation, making this the second stretch of economic expansion in a row that has come with little to no growth in real wages.

Chosen excerpts by Job Market Monitor. Read the whole story at  Jobs Day: Focus is Less on Employment and More on Paychecks – Washington Wire – WSJ.