Even as unemployment keeps falling, wages just aren’t picking up. With nobody confidently able to explain why, the Federal Reserve should have the confidence to take it slow on raising rates.
The U.S. added 252,000 jobs in December, the Labor Department said Friday, with revisions to the previous two months raising the total payrolls count by another 50,000. The unemployment rate fell to 5.6% from 5.8% in November, and 6.7% a year…
Justin Lahart | WSJ