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What the Jobs Report Tells Americans About Their Wages

6/06/14 10:45 AM EDT
The Labor Department reports Friday that the United States in May added 217,000 jobs, while the unemployment rate remained at 6.3%. Moody's Analytics economist Ben Garber tells TheStreet's Joe Deaux a deeper dive into the numbers reveals a positive trend: the economy has added at least 200,000 jobs for four straight months, and hourly wages increased more than expected. But Garber says there's still a long way to go before the labor market is seen at robust health. Too many people remain in part-time jobs. Here's what Garber says year-over-year wage growth should be at right now.
Stocks in this video: SPYDIAMDY
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