Here’s why robust U.S. job market isn’t producing better pay

JOB SEEKERS wait to speak with recruiters during a Job News USA career fair in Overland Park, Kan. /BLOOMBERG NEWS PHOTO/LUKE SHARRETT
JOB SEEKERS wait to speak with recruiters during a Job News USA career fair in Overland Park, Kan. /BLOOMBERG NEWS PHOTO/LUKE SHARRETT
WASHINGTON - Growth in Americans’ wages has been leveling off lately, contrary to expectations that a steadily falling jobless rate will quickly lead to a sustained acceleration. Blame it on dismal productivity and lingering, albeit diminishing, slack even with unemployment at an almost 10-year low of 4.5 percent. The government’s most recent jobs report showed…

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