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Wages were a highlight in the January jobs report. Average pay grew by 3.2 percent last month, compared to a year earlier. In fact, January was the fourth straight month where growth in average hourly earnings topped 3 percent. It's about time, too, since we've been hearing about sluggish wage growth for years now. But four months of solid wage growth don’t necessarily mean everybody’s earning more.

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Follow Justin Ho at @justinterrellho