Meanwhile, back on topic:
U.S. Adds 200,000 Jobs; Wages Rise by Most Since Recession
Oh, man, are the Congressional Dems gonna hate this:
The report puts the nation closer to maximum employment -- one of the goals of the Federal Reserve -- and sets a solid tone for hiring this year following continued gains in payrolls in 2017. That could be starting to generate a long-awaited, sustained pickup in wages and boost demand in this expansion, which may also get a lift this year from tax-cut legislation signed by President Donald Trump in December.
And more:
In addition, 18 states began the new year with higher minimum wages, and some companies have recently announced bonuses and salary increases following the passage of the tax-cut legislation. While determining the exact impact may be difficult, economists expect these developments will boost worker pay in 2018.
I think another way to say the bolded statement above is: "a rising tide lifts all boats.".
