America’s Job Machine Powers On Even as Wages Lag
El-Erian: Wage Growth Is Just a Matter of Time
This article is for subscribers only.
The U.S. job-creation machine kept exceeding expectations in February. Wages continued to disappoint.
Employers added 295,000 workers to payrolls last month, more than forecast, and the unemployment rate dropped to 5.5 percent, the lowest in almost seven years, figures from the Labor Department showed Friday in Washington. Hourly earnings rose less than forecast.