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China’s New Normal Means More Jobs in U.S., Good News for Yellen

Bloomberg (03/13/15) Rich Miller

Although the number of jobs has increased, wages for U.S. manufacturing workers have not kept pace. Average hourly earnings for manufacturing industry employees rose 1.9% in 2014 after increasing 1.8% in 2013, according to the U.S. Department of Labor. However, the limited gains mean U.S. workers are more competitive compared with workers in China, where average urban wages rose 10.2% in the third quarter from a year earlier.