They got pay increases
The Labor Department reported the biggest hourly pay increase in eight years in Friday's jobs report -- an average increase of 2.9% for private sector employees.
"The job market is very tight and getting tighter," said Mark Zandi, chief economist with Moody's Analytics. "Businesses are struggling to hire or hang onto people so they have no choice but to raise wages"
Part of that boost came at the low end of the pay scale, since an estimated 4.5 million minimum wage workers in 18 states got raises when their states boosted the minimum wage on Jan. 1.
Here's who's getting a raise these days
The biggest increase in average wages in eight years was not spread evenly across the economy. Here's who got the biggest raises.
money.cnn.com
The Labor Department reported the biggest hourly pay increase in eight years in Friday's jobs report -- an average increase of 2.9% for private sector employees.
"The job market is very tight and getting tighter," said Mark Zandi, chief economist with Moody's Analytics. "Businesses are struggling to hire or hang onto people so they have no choice but to raise wages"
Part of that boost came at the low end of the pay scale, since an estimated 4.5 million minimum wage workers in 18 states got raises when their states boosted the minimum wage on Jan. 1.