U.S. Wages Stagnate as American Work Week Lengthens
While government jobs fell, an uptick in construction and small change in financial services employment suggests the labor market was improving quicker than expected following cold weather; a good sign for April.
The Labor Department reports March hourly wages stagnate as Americans work more hours. Wells Fargo Private Bank regional chief investment officer Darrell Cronk tells TheStreet's Joe Deaux that he expected better wages, but finds more hours worked to be a positive for the U.S. economy. While government jobs fell, an uptick in construction and small change in financial services employment suggests the labor market was improving quicker than expected following cold weather; a good sign for April.
