Unemployment, Low. Wage Growth, Meh.
AP Photo/Keith Srakocic, File
A recruiter in the shale gas industry speaks with an attendee of a job fair in Cheswick, Pennsylvania
The unemployment rate has been stuck at a low level of 4.1 percent for the last six months. The papers are replete with stories of labor shortages, of companies fighting over high-school students and hiring folks right out of prison. While pockets of labor-market weakness always exist somewhere, there’s little question that in broad terms, the...
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