October Inflation Data: The Tide May Be Turning
November 18, 2015 at 11:30 AM EST
The absence of wage gains as the unemployment rate halved from 10% to 5% since 2009 has been a continuing conundrum. But on 6 November, the Labor Department reported that average hourly earnings for private employees rose 0.4% month-over-month – a 2.5% year-over-year rate that was the highest...