Yes, Wages Are Growing

The jobs report for October showed the unemployment rate falling to 4.1 percent, the lowest rate in almost 17 years. Of course, as many have noted, the unemployment data are somewhat erratic and this was associated with a drop in employment rates (EPOPS), as people left the labor market, which is not good news. Still, the drop in EPOPS followed a jump in September, so that even with the October decline the EPOP for prime age (ages 25 to 54) women is still 0.7 percentage points above its year...