Skip to content
Opinion
The Editors

More Jobs, But Still No Raises

Flat wages suggest the Fed need not rush to raise interest rates.
Still not recovered.

Still not recovered.

Photographer: Scott Olson/Getty Images

Strong U.S. job growth still isn’t having the effect that Federal Reserve Chair Janet Yellen has long been waiting for: better raises for workers. Until that happens, there's little reason for the Fed to start worrying about inflation -- or pulling back too much on its efforts to support the economic recovery.

QuickTake Monthly Jobs Report