US job numbers and wage growth are up – but inequality is also on the rise
by Dominic Rushe in New York from on (#3EYDR)
Monthly jobs update suggests gains for those in more senior positions were far greater than for those without a college degree
It's been a long, slow recovery for US workers but wages finally appear to be growing again, according to the latest jobs report released on Friday. But behind the headline rate the figures show - once more - that inequality is on the rise.
On Friday the labor department released its latest monthly jobs update. The US added 200,000 new positions in January, higher than expected, but the real surprise was in wage growth. Hourly earnings rose 0.3% in January, enough to lift the annual rate up to 2.9%.
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