The paychecks of Americans are rising at their fastest rate since the recession ended. As indicated by writer Eric Morath, median weekly earnings for full-time workers rose 3.9% during the first quarter relative to a year ago according to the Labor Department. That represents the best gain since late two thousand and eight.
It took nearly eight years of economic recovery to get to this point, but the nearly four percent growth in weekly pay is roughly the rate reached during the two prior economic expansions.
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