This New Indicator Shows the U.S. Job Market Finally Heating Up

Wage growth has substantially accelerated, Atlanta Fed data show

Federal Reserve Chair Janet Yellen.

Photographer: Andrew Harrer

Just how quickly is everyone's paycheck growing? It's one of the most important questions in the American job market right now, with only inconclusive answers derived from conflicting data so far. This week, a regional Federal Reserve bank added a new indicator to the mix in hopes of offering policy makers a closer look at what's really happening in the U.S. job market. 

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