What the Improving Jobs Picture Means

We still don't know whether, when and how wage growth will break out from a prolonged period of sluggishness.

Things are picking up on Main Street.

Photographer: Daniel Acker/Bloomberg

Before another "wow" monthly employment report was released today, we knew the U.S. economy was capable of generating lots of jobs as it recovered from the loss of 8 million caused by the global financial crisis.

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