Hiring Booms, but Soft Wages Linger

The U.S. concluded its best year of job growth in 15 years as the unemployment rate fell to a postrecession low last month, signs of strength that mask continued challenges of stagnant wages and a stubbornly high number of Americans still on the sidelines.

Employment across the economy climbed by a seasonally adjusted 252,000 in December, the Labor Department said, closing 2014 with strong hiring momentum that appears set to continue…

Jeffrey Sparshott | WSJ

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