Although only 20,000 jobs were created in February, as the U.S. draws closer towards full employment, the best economic metric to look for in the coming months will be rising wages throughout most employment sectors.
As The U.S. Median Household Income Rises To $61,372, Many Are Wishing For Higher Wages Not More Jobs
The Census Bureau released a study this week that the rise in median household income is due to people working additional hours, not increased wages. With a shrinking job pool, the hope for many economic analysts is that hiring companies will act to increases wages, enticing potential employees.