Feb 2, 2019
Are wages finally starting to pick up?
The January jobs report was the fourth report where average hourly earnings topped 3 percent compared to a year earlier. But do four months of solid gains make a difference to wages across the board?
by Justin Ho
Wages were a highlight in the January jobs report. Average pay grew by 3.2 percent last month, compared to a year earlier. In fact, January was the fourth straight month where growth in average hourly earnings topped 3 percent. It’s about time, too, since we’ve been hearing about sluggish wage growth for years now. But four months of solid wage growth don’t necessarily mean everybody’s earning more.
Click the audio player above to hear the full story.