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Yes, wages are rising faster than in several years. No, that isn’t great.

The monthly jobs report from the Labor Department said wages are growing at the fastest rate since the economic recovery started seven years. That’s good, certainly. But labor market experts looking at the bigger picture might revise that assessment downward for working Americans to kind of OK.

A woman waits for a job at a temporary employment agency in North Dakota. ProPublica's Emily Corwin discusses the work opportunity tax credit's benefits for temp agencies and the persistent lack of solutions for workers.
A woman waits for a job at a temporary employment agency in North Dakota. ProPublica's Emily Corwin discusses the work opportunity tax credit's benefits for temp agencies and the persistent lack of solutions for workers.
Robyn Beck/AFP via Getty Images

The monthly jobs report from the Labor Department said wages are growing at the fastest rate since the economic recovery started seven years. That’s good, certainly. But labor market experts looking at the bigger picture might revise that assessment downward for working Americans to kind of OK.

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