A decade after recession, a jump in U.S. states with wage gains
The kind of pay raises American workers have waited years for are now here for a broadening swath of the country, according to a Reuters analysis of state-by-state data that suggests falling unemployment has finally begun boosting wages.
Average pay rose by more than 3 percent in at least half of U.S. states last year, up sharply from previous years. The data also shows a jump in 2017 in the number of states where the jobless rate zeroed in on record lows.
Trump says his tax cuts and regulation rollbacks are lifting business sentiment, and in an upbeat address to Congress, he said Americans “are finally seeing rising wages” after “years and years” of stagnation.
Average hourly earnings were up 2.9 percent in January year-on-year, the biggest rise in more than 8-1/2 years.