Mark Whitehouse, Columnist

Bankers at the Top Are Getting Big Raises Under Trump

Jobs data show their wages rising faster than they have in a long time.

May 3, 2019 at 1:55 PM UTC

Mark Whitehouse is a member of the editorial board covering global economics and finance. Previously, he reported on economics for the Wall Street Journal and was managing editor of Vedomosti, a Russian-language business daily.

All smiles here.
Photographer: Bloomberg

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Bankers appear to be doing very well under President Donald Trump. Judging from government data, they’re reaping some of the biggest wage gains they’ve had in a long time.

The Labor Department’s jobs report for April offered further confirmation that demand for workers is translating into better pay overall. The average hourly wage was up 3.2 percent from a year earlier, not far from the pace that prevailed before the last recession.