12/01/2021

Jobs at a Crossroads: Hiring Up, Pay Flat

The U.S. job market sits at a crossroads six years into a fitful economic expansion: Hiring is strong, but weak wage growth has failed to pull millions of would-be workers off the sidelines while prompting others to drop out of the labor force.

Employers expanded payrolls by a seasonally adjusted 223,000 positions in June, marking 57 straight months of job creation, and the unemployment rate fell to 5.3%, the lowest level since…

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