Economics
Wages Show Signs of Picking Up as U.S. Job Market Improves
U.S. Jobless Claims Decline to 15-Year Low of 262K
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The American job market shows signs of entering a new stage that will bolster households as employers fight to retain and attract workers by paying them more.
Wages for private-sector employees climbed 0.7 percent in the first quarter and were up 2.8 percent in the 12 months through March, the biggest gain in more than six years, the Labor Department reported Thursday. The agency also said the number of claims for jobless benefits declined last week to the lowest level since 2000.