Editorial Board

Great Job Growth! Now Where’s That Raise?

The Fed doesn't need to start thinking about raising interest rates just yet.

More workers, less money.

Photographer: Jeff Swensen/Getty Images

Today's employment report marks the end of what has proved to be an outstanding year for U.S. job growth. Unfortunately, the same can't be said for wage growth -- and until it can, the Federal Reserve has ample reason to keep its economic stimulus efforts going.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.