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Ben Casselman

Economics/business correspondent at The New York Times

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"But where is the wage growth?" That has been the refrain throughout the decade-long recovery from the Great Recession. Unemployment was low, hiring was strong and companies were complaining that they couldn't find enough workers. Yet wages barely budged. But that may finally be changing. Today's jobs report showed that average hourly earnings were up 3.2 percent in April from a year earlier, the ninth straight month of growth at or above 3 percent. And in a sign of the broad benefits of a tight labor market, the biggest raises are going to the people who need them the most. For more on the rise in wages -- and why it took so long -- see my story in today's Times. Here's a teaser: The "mystery" of weak wage growth may never have been a mystery at all. #economy #employment #wagesandsalaries …see more

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