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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