A new report from the Labor Department on Friday showed a significant hike in wages, providing a bolt of good news to President Trump and congressional Republicans less than two months before the midterms.
There have been few signs of wage growth even as unemployment has fallen and the economy has expanded. But Friday’s report suggested wages may finally be on the rise, though they are, as of now, only keeping up with inflation.
Worker pay grew 2.9 percent in the past year — near the target of 3 percent — the fastest growth since the recession ended in June 2009, and a positive sign that paychecks may get a boost after years of stagnation.
