What the Jobs Report Tells Americans About Their Wages
Moody's Analytics economist Ben 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.
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.
