Wages and jobs are growing, St. Louis Fed says

According to the Federal Reserve Bank of St. Louis, employers in the region are reporting “strong” wage growth and “modest” growth in jobs and prices.

“On net, 56 percent of contacts reported that wages during the past three months were slightly higher or higher than during the same time last year, the strongest reading in the past two years,” the St. Louis Fed reported Wednesday.

Across the nation, the economy continued to expand, while wage growth was described as varying widely, “from flat to strong,” according to the central bank’s Beige Book, an economic survey published eight times a year.

The report was based on information collected from early January through Feb. 22.

Read more: St. Louis Post-Dispatch

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