Three new reports on the U.S. economy show positive news.
The Labor Department’s Cost-Index, released July 31, shows that wages rose 2.8 percent over June of last year. This breaks a trend of sluggish wage growth that had held since the 2008–2009 recession and returns to the level of wage growth experienced before the recession. From 2001 to 2007, wages increased on average by 2.9 percent per year.
