The December jobs report was released on Friday and on the surface it looked good. More than 250,000 jobs were added and the unemployment rate went down to 5.6 percent.
Sounds like the economy is moving in the right direction, doesn't it?
Well, there are other factors that suggest it's not strengthening for a large segment of the population: The workers, according to a report by Business Insider.
Despite what appears to be a growing economy and a tightening labor market, wages paid to employees are not budging. Indeed, in December, they actually fell by 0.2 percent, the report states. By keeping wages low, the report shows that employers are restricting workers' ability to consume, which is bad for a consumer-driven economy and will eventually choke out any growth.
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