Average hourly earnings cruised to more than 3% higher than a year earlier for the ninth month in April,
extending to low-wage workers a decade after the latest downturn began. That’s still less than in the last expansion, during the 90s, when nonsupervisory wages rose at above 4%, and has taken longer to kick in. One possible reason: headline unemployment is based on a narrower measurer today — those actively seeking work — suggesting that the labor market is tighter than it really is.
Here’s what people are saying.taken off linked in today
