Despite the uptick in jobs over the last couple of years, one key respect in which the economic recovery is weak has been its failure to raise workers' wages. This week's January jobs report from the Labor Department is more encouraging on that front, reports the NYT:
Last month, average hourly earnings rose by 0.5 percent, leaving wages up 2.5 percent over the last 12 months. That was the best showing since January 2015 and suggested some of the benefits from the falling unemployment rate were beginning to flow to ordinary workers.
Read the Times story here.