The jobs report was pretty solid. So why aren’t wages rising?

Source: Neil Irwin - The Washington Post

The nice thing about the latest jobs number is how very normal they seem.

The nation added 175,000 jobs in May, which is right on track with the trend over the past year (average monthly jobs gained: 172,000). The May job gains were a bit better than expected, but that was offset precisely by revisions to previous months that subtracted from earlier reported gains. The jobs report giveth and the jobs report taketh away.

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