March 6, 2015
STUCK?:
February Jobs Report: Wage Growth Is Stuck Around 2% (JEFFREY SPARSHOTT, 3/06/15, WSJ)
Average hourly earnings in February rose by a meager 3 cents to $24.78, the Labor Department said Friday. That's up only 2% over the past year, well below the more typical 3% pace seen before the recession.
That dangerously outpaces deflation.
Posted by Orrin Judd at March 6, 2015 2:07 PM
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