Nick Bunker: Puzzling Over U.S. Wage Growth: "The unemplo...

Nick Bunker: Puzzling Over U.S. Wage Growth: "The unemployment rate is below its Great Recession levels, but wage growth hasn���t picked up in recent years. The prime employment rate may be a better predictor of wage growth than unemployment rates. The state of U.S. wage growth these days is puzzling. The unemployment rate is below where it was before the Great Recession back in 2007, but nominal wage growth is below its level that year and hasn���t picked up in recent years (according to some data series). For economists and analysts who believe that a tighter labor market should lead to higher wages, this disconnect is confusing...

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