Deutsche Bank: No, This Is Not A Low-Wage Recovery
Debunking one of the biggest myths about the recovery
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Many have argued that the jobs recovery of the past six years has been mostly low-wage jobs, but Deutsche Bank Chief International Economist Torsten Sløk says that's not true.
The unemployment rate has fallen dramatically since the financial crisis, and is now at 5.5%. The February employment report was the 12th straight month the economy added more than 200,000 jobs, the best streak since 1995.