Over the past few years, the labor market has been an enigma. The jobless rate is low, but pay has risen slowly. One explanation: We’re measuring pay imperfectly. The Federal Reserve Bank of Atlanta’s Wage Growth Tracker suggests wages have risen more than the conventional measure says they have.
To contact the authors of this story: Mark Glassman in New York at mglassman7@bloomberg.net, Peter Coy in New York at pcoy3@bloomberg.net.
To contact the editor responsible for this story: Christopher Power at cpower3@bloomberg.net.
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