Wages And Salaries Are On The Rise!

There is some good news for American workers.

The Labor Department reports wages and salaries in the private sector rose one-percent between January and March. That's the fastest pace in eleven years. Analysts say the increase was fueled in part by healthy year-end commissions. The increase also reflects bonuses paid after the new corporate tax cut took effect.

Overall, compensation for U.S. workers rose two-point-seven-percent in the first quarter from a year ago. The other great news is unemployment is at a 17-year low at 4.1-percent and hourly pay rose too. 

Source: KPRC

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Paul James

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