Job Growth Looks Great; Wage Growth, Less So
In December alone, the Department of Labor reported that employers added 252,000 new jobs. In the third quarter the U.S. experienced 5 percent GDP growth rate. In 2014 approximately 2.95 million new jobs were added in the U.S. However, wage increases have not gained much steam in 2014 only increasing by 1.65 percent.
See "Job Growth Looks Great; Wage Growth, Less So", Neil Irwin, The New York Times, January 8, 2015