President Trump is keeping his campaign promise to revive the U.S Economy.
The stock market is at a historic high, unemployment is at a low and wages are finally rising once again.
From Daily Caller
The missing piece from the economic puzzle over the last few years — rising wages — is getting filled in a number of American cities thank to a tighter labor market.
Employers in cities like Minneapolis, Denver, and Fort Myers, Fla., are finally raising wages to attract workers as the unemployment rate sits near three percent or lower.
“You’re seeing the first movers into full employment and past it, with the uptick in wage growth,” senior economist at Moody’s Analytics Adam Kamins told the Wall Street Journal.
The U.S. unemployment rate sits at 4.1 percent, the lowest level in 17 years. Still, despite a prolonged period of modest economic and job growth, wages have lagged. National wages grew less than two percent in 2016.
Yet in areas with some of the lowest unemployment rates, such as Minneapolis. Private sector wage growth hit four percent — the best figures for the area in six years.
“If you’re a dishwasher with a pulse, we’d probably hire you,” said William Prather, the owner.