Journal Article
Opinion: Is There a Wage Growth Puzzle?
Abstract: The Great Recession saw a weakening of labor markets that was, by some measures, the worst since the Great Depression. On an aggregate level, labor markets have since recovered substantially ? the unemployment rate has fallen from a peak of 10 percent to just above 4 percent. At the same time, data on wages and hiring highlight something that has puzzled macroeconomists: As the labor market reaches levels consistent with full employment, wage growth seemingly remains slow.
Keywords: wage growth;
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https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2017/q4/opinion.pdf
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Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2017
Issue: 4Q
Pages: 44-44