The U.S. unemployment rate has dropped below 5percent

Unemployment drops below 5% for first time since 2008

39727285c397401684537dd2a672bb35The U.S. unemployment rate has dropped below 5% for the first time since 2008 and wages are finally on the rise, indicating that the multi-year economic recovery is not done yet.

The Labor Department’s January report found that the U.S. added 151,000 jobs in the first month of the year, putting the unemployment rate at 4.9%.

The paychecks of the average American are also growing, an important element of the broader economic recovery that has lagged behind overall job growth. January wages were 2.5% higher than a year ago.

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