When slowing wage growth isn’t so bad




Marketplace show

Summary: <p>New Labor Department data shows that wage growth slowed to 1% last quarter. That may not sound too rosy for workers, but it’s welcome news to Federal Reserve officials, who are mulling additional interest rate hikes as they try to deflate wage growth and keep unemployment under control at the same time. Also, the continuing pull of cookbooks, the billions in unclaimed college financial aid and the impacts of rising prices on wedding planning.</p> <p><em>Need some Econ 101? <a class="c-link" href="https://cloud.connect.americanpublicmedia.org/marketplace-crash-course" target="_blank" rel="noopener noreferrer" data-stringify-link="https://cloud.connect.americanpublicmedia.org/marketplace-crash-course" data-sk="tooltip_parent" data-remove-tab-index="true">Sign up for our Marketplace Crash Course</a> and get weekly lessons to complete at your own pace!</em></p>