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Here’s a line that hasn’t been said in 17 years. The unemployment rate was 3.9 percent last month. Yep, the lowest rate since the year 2000. What’s more, April was the 91st straight month of job gains. But that hasn’t brought along big pay raises. NPR’s John Ydstie is here to tell us why. Welcome to the studio.
JOHN YDSTIE, BYLINE: Hey, Audie.CORNISH: So employers say they can’t find enough workers now, right? And then economists say that when that sort of thing happens, usually, wages are supposed to go up. So what is going on? What’s the […]
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