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Unemployment and Layoffs
Disappointing wage growth adds sobering note to strong jobs report
Disappointing wage growth adds sobering note to strong jobs report

The surprisingly robust job growth last month showed the economy has healed enough to shake off bad weather, the West Coast ports slowdown and a rising dollar that made U.S. goods more expensive abroad. But the labor market wasn’t strong enough to produce more than a minor boost to Americans’ wages. “Clearly that’s the bus that has yet to arrive,” said Mark Hamrick, Washington bureau chief of financial information website Bankrate.com. “There’s a lot to celebrate in this report, but the wage component is quite sobering.” U.S. employers added 295,000 net new jobs in February while the unemployment rate fell to a post-Great Recession low of...

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