Via the Fed:
The July jobs report from the U.S. Bureau of Labor Statistics brought welcome news on wage growth: Median weekly earnings rose 4.2% on an annual basis, the fastest pace seen since 2007. The underlying story about wage growth may be even better than the headline number suggests, according to updated work by Daly, Hobijn, and Pyle (2016).
Figure 1 shows why. It separates wage growth for workers who are in stable full-time jobs from those who are moving into and out of full-time employment.
