SUBSCRIBERS

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

Published Wed, Jan 7, 2015 · 09:50 PM

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.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here