Feb 06, 2016 3:40 AM GMT
U.S. employment figures released Friday may have underwhelmed markets, with employers adding 151,000 jobs to payrolls in January — 40,000 jobs short of Wall Street’s expectations. But other metrics should give American workers a reason to be optimistic on wages.
Wage growth strengthened in the past two months, with year-over-year gains in hourly earnings of 2.5 percent in January and a revised 2.7 percent in December. At the same time, an increasing share of discouraged workers entered the workforce, boosting the overall labor force participation rate for the fourth straight month.