Barry Ritholtz, Columnist

Bigger Paychecks Are Coming

More than seven years after the recession ended, Americans are starting to solid wage increases.

November 7, 2016 at 4:43 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Good help is hard to get.
Photographer: Andrey Rudakov/Bloomberg

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We interrupt this interminable election season for a brief I-told-you-so about wages and jobs.

On Friday, the Bureau of Labor Statistics released the October employment report. It is the latest in a 73-month run of data showing employment has been slowly but surely increasing in the post-financial-crisis era. Gross domestic product has been rising even longer, although there have been a couple of negative periods.