This is astounding. Back in 2009-10, I used to share this Calculated Risk chart with folks to get them to understand how devastating and persistent the job losses were after the financial crisis (especially when compared to prior recessions).
But now the very same chart tells a very different story. The job recovery has been incredibly steady. We’re coming up on 100 months of strong, persistent job growth.
Given the strong job market, when will workers begin to demand more in wages?