Wages still flat despite US economic boom
Although official unemployment rate has fallen to the lowest level in six years, labour market is not as tight as it suggests
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
IT is one of the contradictions of the US economic boom: the unemployment rate has fallen to the lowest level in six years, but workers' wages have remained almost flat.
The anomaly is troubling enough that it has sparked questions about whether the economy's rebound from the 2008-2009 recession is all that strong.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?