It’s a tight labor market, and unemployment is at a 50-year low. So why aren’t wages rising? - The Philadelphia Inquirer

Let’s start with the unemployment rate, which dropped to 3.5% in September. The last time it was that low was December 1969. But the 50-year-old number is skewed. Then, the Vietnam War was raging and nearly 3.5 million men and women were in the military and out of the labor market. Today, there are a little less than 1.4 million active-duty members.

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https://www.inquirer.com/business/unemployment-wage-growth-hiring-tight-labor-market-20191013.html

2019-10-13 12:02:10Z
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