Report: Economy Steady But Wages Are Lagging
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Dec. 12, 2018 | WAGES | Employers added 155,000 jobs to the US economy in November — far fewer than the 198,000 new positions economists had expected, according to the latest jobs report from the Bureau of Labor Statistics. The unemployment rate held steady at 3.7 percent. Both figures are a sign that the US economy is strong and continues to expand, even with weaker job growth. It means that most Americans don’t have to worry much about finding a job. The problem that remains, however, is that US workers haven’t seen their paychecks get any bigger…Frustration over stagnant wages is the underlying factor behind widespread workers’ strikes across the country. In addition, congressional Republicans had promised that their massive corporate tax cuts would help the average worker, but the gains have been meager… Vox
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