Wage gains creeping along in G-7 countries

Washington

UNEMPLOYMENT is falling almost everywhere. Wages aren't rising much anywhere.

From York, UK to Montreal, and Osaka to Seattle, it's a pretty good time to be looking for a job as a member of the labour force in many developed countries.

Unemployment rates in the Group of 7 nations such as Canada, the US, Britain, Japan and Germany are nearing or even slightly below what officials describe as a maxed-out jobs market.

But wage gains worldwide have been only creeping along. For developed economies, that means the powerful cy…