Wage Growth for Prime-Age Workers Hits Fastest Since 2009: Chartby
Median hourly earnings for U.S. "prime-age" workers -- those between the ages of 25 and 54 -- grew 3.6 percent in the 12 months through January 2016, marking the fastest pace since January 2009, according to a measure compiled by the Federal Reserve Bank of Atlanta. Median hourly earnings growth for all workers was 3.1 percent on a year-over-year basis for the third straight month. The measures are constructed using data published a few weeks after the government’s official jobs report. The Labor Department released February’s report Friday in Washington.