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Why aren't wages rising faster even with low unemployment? Trade war, weaker economy are among reasons [USA TODAY]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: USA TODAY
Wage growth: Why isn't pay climbing faster? Why aren't wages rising faster even with low unemployment? Trade war, weaker economy are among reasons Paul Davidson USA TODAY Wages should be rising faster as falling unemployment has businesses competing for fewer available workers. Instead, annual pay increases have slowed this year. Salary gains, which generally had been modest since the economic expansion began in 2009, finally edged over 3% in August 2018 and peaked at 3.4% in February before dropping to a still-solid 3% the past couple of months. The earlier increases coincided with a fairly steady decline in the jobless rate as employers paid more to attract a smaller pool of candidates. And the pullback in pay gains comes despite unemployment hitting a 50-year low of 3.5% in September. “Wage growth has hit a wall,” Joseph Song, senior economist at Bank of America Merrill Lynch, wrote in a report. Economists blame myriad factors, including President Trump’s trade war with China and a Show less Read more
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