|US job growth is rising solidly, so why isn't pay?|
|News - St Augustine Area & St Johns County|
WASHINGTON ó Where are the pay raises?
Employers in the United States are hiring at a brisk pace. Unemployment has sunk to a nearly healthy rate. Jobs are being filled across a range of industries.
Yet the September jobs report released Friday contained a puzzling fact: Paychecks still arenít growing.
Economists regard stagnant wages as a red flag for the 5-year-old recovery. Robust job growth has typically fueled rising wages. And without higher pay, workers have less money to spend and save ó and that, in turn, keeps the economy from strengthening further.
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