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US job growth is rising solidly, so why isn't pay? E-mail
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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. read more

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