Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Private sector wages and benefits are on the upswing, but economists caution celebrating

Kimberly Adams Jan 31, 2018
HTML EMBED:
COPY

Private sector wages and benefits are on the upswing, but economists caution celebrating

Kimberly Adams Jan 31, 2018
HTML EMBED:
COPY

We are finally starting to see some signs that the tight labor market is pushing up wages. New numbers out today from the Department of Labor show wages and salaries in the private sector are up 2.8 percent from this time last year. That doesn’t leave too much extra cash for workers once you factor in inflation, but it’s the best number we’ve seen on this since early 2015. It does have some wondering, with such low unemployment, what took so long?

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.